Short Interest in Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Declines By 49.1%

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 878 shares, a drop of 49.1% from the April 30th total of 1,725 shares. Based on an average daily trading volume, of 9,552 shares, the short-interest ratio is presently 0.1 days.

Hennessy Capital Investment Corp. VII Stock Performance

Shares of NASDAQ HVII traded up $0.02 during midday trading on Monday, reaching $10.43. The stock had a trading volume of 30,451 shares, compared to its average volume of 64,436. Hennessy Capital Investment Corp. VII has a twelve month low of $10.01 and a twelve month high of $10.99. The firm has a 50 day simple moving average of $10.39.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Benchmark assumed coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Wednesday, April 29th. They set a “buy” rating on the stock. Weiss Ratings assumed coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Thursday, February 5th. They set a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Hennessy Capital Investment Corp. VII currently has an average rating of “Hold”.

Hedge Funds Weigh In On Hennessy Capital Investment Corp. VII

Institutional investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC acquired a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth $15,525,000. Aventail Capital Group LP acquired a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth $14,413,000. Verbena Value LP acquired a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth $12,655,000. Rivernorth Capital Management LLC raised its holdings 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 worth $4,130,000 after buying an additional 109,024 shares during the last quarter. Finally, Sculptor Capital LP acquired a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth $3,654,000.

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.