Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Sees Large Increase in Short Interest

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 55,604 shares, an increase of 2,137.6% from the August 15th total of 2,485 shares. Based on an average trading volume of 170,403 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Hennessy Capital Investment Corp. VII

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HVII. Sculptor Capital LP acquired a new position in Hennessy Capital Investment Corp. VII during the 4th quarter valued at about $3,654,000. Highbridge Capital Management LLC bought a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter worth approximately $15,525,000. Aventail Capital Group LP acquired a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at approximately $14,413,000. Barclays PLC bought a new position in Hennessy Capital Investment Corp. VII in the fourth quarter valued at approximately $104,000. Finally, Rivernorth Capital Management LLC grew its holdings in Hennessy Capital Investment Corp. VII by 37.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 399,024 shares of the company’s stock worth $4,130,000 after acquiring an additional 109,024 shares during the period.

Analyst Ratings Changes

A number of research firms have commented on HVII. Weiss Ratings upgraded shares of Hennessy Capital Investment Corp. VII from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, September 1st. Wall Street Zen raised Hennessy Capital Investment Corp. VII to a “sell” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Hennessy Capital Investment Corp. VII Price Performance

Shares of HVII stock traded down $0.24 during trading hours on Thursday, reaching $10.56. 15,388 shares of the company were exchanged, compared to its average volume of 67,232. Hennessy Capital Investment Corp. VII has a fifty-two week low of $6.25 and a fifty-two week high of $12.05. The stock’s fifty day moving average is $9.86 and its two-hundred day moving average is $10.20.

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

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.