Short Interest in Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Increases By 113.5%

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,215 shares, a growth of 113.5% from the May 31st total of 569 shares. Based on an average trading volume of 42,490 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

HVII has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a report on Tuesday, June 9th. Benchmark initiated coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Wednesday, April 29th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Hennessy Capital Investment Corp. VII Price Performance

Shares of NASDAQ HVII remained flat at $10.45 during mid-day trading on Wednesday. 1,505 shares of the company were exchanged, compared to its average volume of 59,965. Hennessy Capital Investment Corp. VII has a fifty-two week low of $10.13 and a fifty-two week high of $10.99. The company has a fifty day moving average price of $10.42.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last released its earnings results on Wednesday, May 13th. The company reported $0.02 earnings per share for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HVII. Lineage Point Capital LP acquired a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth about $104,000. Barclays PLC bought a new stake in Hennessy Capital Investment Corp. VII in the fourth quarter worth about $104,000. Virtu Financial LLC acquired a new stake in Hennessy Capital Investment Corp. VII in the 4th quarter valued at about $322,000. Cannon Global Investment Management LLC lifted its holdings in 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 valued at $600,000 after acquiring an additional 7,200 shares during the last quarter. Finally, Cantor Fitzgerald L. P. bought a new position in shares of Hennessy Capital Investment Corp. VII during the 4th quarter valued at about $927,000.

About Hennessy Capital Investment Corp. VII

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.