Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) Sees Significant Drop in Short Interest

Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 455 shares, a decline of 60.4% from the May 14th total of 1,150 shares. Based on an average daily volume of 2,613 shares, the days-to-cover ratio is currently 0.2 days.

Hennessy Capital Acquisition Corp. IV Stock Performance

Shares of Hennessy Capital Acquisition Corp. IV stock traded up $0.16 during trading on Friday, reaching $10.50. The company’s stock had a trading volume of 160 shares, compared to its average volume of 37,105. The stock has a 50-day moving average price of $10.32 and a two-hundred day moving average price of $10.20. Hennessy Capital Acquisition Corp. IV has a one year low of $10.00 and a one year high of $11.90.

Hedge Funds Weigh In On Hennessy Capital Acquisition Corp. IV

A number of large investors have recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Hennessy Capital Acquisition Corp. IV in the fourth quarter valued at approximately $16,232,000. Meteora Capital LLC acquired a new position in shares of Hennessy Capital Acquisition Corp. IV during the fourth quarter valued at $11,560,000. Saba Capital Management L.P. acquired a new position in shares of Hennessy Capital Acquisition Corp. IV during the fourth quarter valued at $8,721,000. Verition Fund Management LLC bought a new position in Hennessy Capital Acquisition Corp. IV in the fourth quarter valued at about $8,186,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in Hennessy Capital Acquisition Corp. IV during the 4th quarter worth about $8,016,000.

About Hennessy Capital Acquisition Corp. IV

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.