Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) Short Interest Down 50.2% in July

Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 107 shares, a decrease of 50.2% from the July 15th total of 215 shares. Based on an average trading volume of 3,287 shares, the days-to-cover ratio is currently 0.0 days.

Hennessy Capital Acquisition Corp. IV Price Performance

HCACU stock remained flat at $10.30 during midday trading on Friday. Hennessy Capital Acquisition Corp. IV has a 12 month low of $10.00 and a 12 month high of $11.90. The firm has a fifty day simple moving average of $10.32 and a two-hundred day simple moving average of $10.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. MMCAP International Inc. SPC purchased a new stake in shares of Hennessy Capital Acquisition Corp. IV during the fourth quarter valued at approximately $1,754,000. Context Capital Management LLC purchased a new position in Hennessy Capital Acquisition Corp. IV in the fourth quarter valued at about $6,513,000. Wealthspring Capital LLC acquired a new stake in Hennessy Capital Acquisition Corp. IV during the 4th quarter valued at approximately $2,505,000. Lineage Point Capital LP acquired a new position in shares of Hennessy Capital Acquisition Corp. IV in the 4th quarter valued at approximately $4,008,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Hennessy Capital Acquisition Corp. IV by 49.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 359,984 shares of the company’s stock worth $3,690,000 after buying an additional 119,387 shares in the last quarter.

Hennessy Capital Acquisition Corp. IV Company Profile

Hennessy Capital Acquisition Corp. IV does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was founded in 2018 and is based in Wilson, Wyoming.