Hennessy Capital Investment Corp. VII (NASDAQ:HVIIU) Sees Significant Growth in Short Interest

Hennessy Capital Investment Corp. VII (NASDAQ:HVIIU) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,752 shares, an increase of 15,229.0% from the August 31st total of 31 shares. Based on an average daily volume of 3,427 shares, the short-interest ratio is presently 1.4 days.

Hennessy Capital Investment Corp. VII Stock Up 27.8%

HVIIU traded up $1.29 during midday trading on Thursday, hitting $5.94. 8,340 shares of the company were exchanged, compared to its average volume of 1,750. The firm’s 50 day moving average price is $10.93 and its 200-day moving average price is $10.79. Hennessy Capital Investment Corp. VII has a 1-year low of $3.79 and a 1-year high of $16.41.

Hennessy Capital Investment Corp. VII Company Profile

Hennessy Capital Investment Corp. VII is a special purpose acquisition company formed to identify and complete a business combination with a target company. Organized as a Cayman Islands exempted company, it raises capital through an initial public offering to pursue mergers, stock purchases, asset acquisitions and similar transactions.

Sponsored by Hennessy Capital Partners, an affiliate investment firm with expertise in building growth businesses, the SPAC focuses on sectors such as technology, consumer goods, financial services and business services.