Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Short Interest Update

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,485 shares, an increase of 324.8% from the July 30th total of 585 shares. Based on an average trading volume of 141,941 shares, the short-interest ratio is currently 0.0 days.

Hennessy Capital Investment Corp. VII Stock Down 3.3%

Hennessy Capital Investment Corp. VII stock traded down $0.26 during midday trading on Wednesday, reaching $7.58. 34,065 shares of the company traded hands, compared to its average volume of 69,003. Hennessy Capital Investment Corp. VII has a 12 month low of $6.25 and a 12 month high of $10.99. The business has a 50 day moving average of $10.22 and a two-hundred day moving average of $10.32.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last posted its earnings results on Wednesday, August 12th. The company reported $0.04 EPS for the quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Hennessy Capital Investment Corp. VII to a “sell” rating in a report on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a report on Tuesday, June 9th. Finally, Benchmark started coverage on Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Hennessy Capital Investment Corp. VII presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HVII. Highbridge Capital Management LLC purchased a new position in Hennessy Capital Investment Corp. VII in the fourth quarter worth about $15,525,000. Verbena Value LP bought a new position in shares of Hennessy Capital Investment Corp. VII in the 4th quarter worth approximately $12,655,000. HRT Financial LP purchased a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter worth approximately $1,732,000. DLD Asset Management LP grew its position in Hennessy Capital Investment Corp. VII by 31.3% during the fourth quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock valued at $1,518,000 after buying an additional 34,965 shares during the period. Finally, Barclays PLC purchased a new stake in Hennessy Capital Investment Corp. VII during the fourth quarter valued at approximately $104,000.

Hennessy Capital Investment Corp. VII Company Profile

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.