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

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 1,215 shares, an increase 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 presently 0.0 days.

Hennessy Capital Investment Corp. VII Price Performance

NASDAQ:HVII opened at $10.43 on Tuesday. The company’s 50 day moving average price is $10.42. Hennessy Capital Investment Corp. VII has a 1-year low of $10.13 and a 1-year high of $10.99.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on HVII. Benchmark initiated coverage on shares of Hennessy Capital Investment Corp. VII in a research note on Wednesday, April 29th. They issued a “buy” rating for the company. Weiss Ratings restated a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VII

Hedge funds have recently modified their holdings of the company. Highbridge Capital Management LLC acquired a new stake in shares of Hennessy Capital Investment Corp. VII during the 4th quarter valued at about $15,525,000. Aventail Capital Group LP acquired a new position in Hennessy Capital Investment Corp. VII in the 4th quarter worth about $14,413,000. Verbena Value LP purchased a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth approximately $12,655,000. Sculptor Capital LP purchased a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth approximately $3,654,000. Finally, Millennium Management LLC acquired a new stake in Hennessy Capital Investment Corp. VII in the fourth quarter valued at approximately $3,492,000.

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.