Hennessy Capital Investment Corp VIII (NASDAQ:HCICU) Sees Large Increase in Short Interest

Hennessy Capital Investment Corp VIII (NASDAQ:HCICU) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,650 shares, a growth of 733.3% from the May 14th total of 318 shares. Based on an average daily trading volume, of 986 shares, the short-interest ratio is currently 2.7 days.

Hennessy Capital Investment Corp VIII Stock Up 0.1%

Shares of Hennessy Capital Investment Corp VIII stock traded up $0.01 during trading on Wednesday, reaching $10.09. 517 shares of the company were exchanged, compared to its average volume of 72,249. Hennessy Capital Investment Corp VIII has a twelve month low of $9.80 and a twelve month high of $10.27. The business’s 50-day simple moving average is $10.02.

Analyst Ratings Changes

Separately, Wall Street Zen raised Hennessy Capital Investment Corp VIII to a “hold” rating in a research note on Monday, February 16th.

Hennessy Capital Investment Corp VIII Company Profile

Hennessy Capital Investment Corp VIII (NASDAQ: HCICU) is a special purpose acquisition company (SPAC), commonly described as a blank‑check company, that was formed to raise capital through an initial public offering and to identify and complete a business combination with one or more operating businesses. As a SPAC, HCICU’s primary activity is to locate suitable target companies and effect a merger, acquisition or similar transaction that transfers an operating company to public markets via the SPAC structure.