Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Short Interest Down 51.0% in July

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 585 shares, a drop of 51.0% from the July 15th total of 1,193 shares. Based on an average daily trading volume, of 20,877 shares, the days-to-cover ratio is presently 0.0 days.

Hennessy Capital Investment Corp. VII Stock Up 0.0%

NASDAQ HVII traded up $0.01 during trading on Friday, hitting $10.53. The company’s stock had a trading volume of 6,478 shares, compared to its average volume of 60,653. Hennessy Capital Investment Corp. VII has a 52 week low of $10.13 and a 52 week high of $10.99. The business’s 50 day moving average is $10.47.

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.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HVII. Cannon Global Investment Management LLC boosted its holdings in Hennessy Capital Investment Corp. VII by 14.2% during the first quarter. Cannon Global Investment Management LLC now owns 58,000 shares of the company’s stock valued at $600,000 after purchasing an additional 7,200 shares in the last quarter. Lineage Point Capital LP acquired a new position in shares of Hennessy Capital Investment Corp. VII in the 4th quarter worth approximately $104,000. Barclays PLC acquired a new position in shares of Hennessy Capital Investment Corp. VII in the 4th quarter worth approximately $104,000. Virtu Financial LLC bought a new position in shares of Hennessy Capital Investment Corp. VII during the 4th quarter worth approximately $322,000. Finally, DLD Asset Management LP lifted its position in shares of Hennessy Capital Investment Corp. VII by 31.3% during the 4th quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock worth $1,518,000 after buying an additional 34,965 shares during the period.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a report on Tuesday, June 9th. Benchmark began coverage on shares of Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They set a “buy” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hennessy Capital Investment Corp. VII currently has an average rating of “Hold”.

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.