Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Short Interest Up 324.8% in August

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,485 shares, an increase of 324.8% from the July 30th total of 585 shares. Based on an average daily trading volume, of 141,941 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

HVII has been the subject of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a report on Tuesday, June 9th. Wall Street Zen raised Hennessy Capital Investment Corp. VII to a “sell” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VII

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HVII. Cannon Global Investment Management LLC grew its position in shares of Hennessy Capital Investment Corp. VII by 14.2% in the 1st quarter. Cannon Global Investment Management LLC now owns 58,000 shares of the company’s stock worth $600,000 after buying an additional 7,200 shares during the period. Lineage Point Capital LP purchased a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter valued at $104,000. Barclays PLC purchased a new stake in shares of Hennessy Capital Investment Corp. VII during the 4th quarter valued at about $104,000. Virtu Financial LLC bought a new stake in Hennessy Capital Investment Corp. VII in the 4th quarter worth approximately $322,000. Finally, DLD Asset Management LP grew its holdings in shares of Hennessy Capital Investment Corp. VII by 31.3% in the fourth quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock worth $1,518,000 after acquiring an additional 34,965 shares during the period.

Hennessy Capital Investment Corp. VII Stock Performance

Shares of NASDAQ:HVII traded down $0.37 during midday trading on Friday, hitting $7.37. 11,738 shares of the stock traded hands, compared to its average volume of 68,476. The business’s 50 day moving average is $10.11 and its two-hundred day moving average is $10.28. Hennessy Capital Investment Corp. VII has a one year low of $6.25 and a one year high of $10.99.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last posted its earnings results on Wednesday, August 12th. The company reported $0.04 earnings per share for the quarter.

Hennessy Capital Investment Corp. VII Company Profile

Hennessy Capital Investment Corp. VII (NASDAQ: HVII) is a special purpose acquisition company (SPAC), commonly known as a blank-check company, formed to raise capital in a public offering for the purpose of identifying, negotiating and completing one or more business combinations. As a SPAC, its principal business activity is to locate and transact with a private operating company and provide that company with a path to become publicly traded through a de-SPAC merger or similar transaction.

The company’s operating activities center on sourcing potential acquisition targets, conducting due diligence, structuring and negotiating merger agreements, and arranging the financing needed to close transactions.