Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU – Get Free Report) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 455 shares, a drop of 60.4% from the May 14th total of 1,150 shares. Based on an average daily trading volume, of 2,613 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Hennessy Capital Acquisition Corp. IV
A number of hedge funds have recently made changes to their positions in the business. OMERS ADMINISTRATION Corp lifted its holdings in Hennessy Capital Acquisition Corp. IV by 49.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 359,984 shares of the company’s stock worth $3,690,000 after purchasing an additional 119,387 shares during the last quarter. Lineage Point Capital LP bought a new position in Hennessy Capital Acquisition Corp. IV during the 4th quarter worth $4,008,000. Virtu Financial LLC bought a new position in shares of Hennessy Capital Acquisition Corp. IV in the 4th quarter valued at $303,000. Alberta Investment Management Corp bought a new position in shares of Hennessy Capital Acquisition Corp. IV in the 4th quarter valued at $6,015,000. Finally, Stoic Point Capital Management LLC bought a new position in shares of Hennessy Capital Acquisition Corp. IV in the 4th quarter valued at $1,002,000.
Hennessy Capital Acquisition Corp. IV Stock Performance
NASDAQ HCACU traded up $0.16 during trading hours on Friday, hitting $10.50. 160 shares of the company traded hands, compared to its average volume of 37,105. The business’s 50-day moving average is $10.32 and its 200-day moving average is $10.20. Hennessy Capital Acquisition Corp. IV has a twelve month low of $10.00 and a twelve month high of $11.90.
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.
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