Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Sees Large Decrease in Short Interest

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 569 shares, a decrease of 35.2% from the May 14th total of 878 shares. Based on an average daily volume of 160,473 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Hennessy Capital Investment Corp. VII

Institutional investors have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC bought a new position in Hennessy Capital Investment Corp. VII during the fourth quarter valued at about $15,525,000. Sculptor Capital LP bought a new position in Hennessy Capital Investment Corp. VII during the fourth quarter valued at about $3,654,000. Rivernorth Capital Management LLC grew its position in Hennessy Capital Investment Corp. VII by 37.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 399,024 shares of the company’s stock valued at $4,130,000 after buying an additional 109,024 shares during the period. Millennium Management LLC bought a new position in Hennessy Capital Investment Corp. VII during the fourth quarter valued at about $3,492,000. Finally, Cantor Fitzgerald L. P. bought a new position in Hennessy Capital Investment Corp. VII during the fourth quarter valued at about $927,000.

Hennessy Capital Investment Corp. VII Stock Performance

HVII traded up $0.03 during trading on Tuesday, hitting $10.46. 1,173 shares of the company traded hands, compared to its average volume of 62,357. The firm’s fifty day moving average price is $10.41. Hennessy Capital Investment Corp. VII has a one year low of $10.13 and a one year high of $10.99.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a report on Tuesday, June 9th. Benchmark assumed coverage on shares of Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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.