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

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,725 shares, a drop of 69.3% from the April 15th total of 5,619 shares. Based on an average daily trading volume, of 25,068 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VII

Institutional investors have recently made changes to their positions in the stock. DLD Asset Management LP boosted 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 purchasing an additional 34,965 shares in the last quarter. Verbena Value LP acquired a new position in shares of Hennessy Capital Investment Corp. VII during the 4th quarter worth $12,655,000. Rivernorth Capital Management LLC raised its stake in shares of 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 buying an additional 109,024 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Hennessy Capital Investment Corp. VII during the 4th quarter worth $3,492,000. Finally, HRT Financial LP acquired a new position in shares of Hennessy Capital Investment Corp. VII during the 4th quarter worth $1,732,000.

Hennessy Capital Investment Corp. VII Stock Performance

Shares of NASDAQ HVII traded up $0.01 during trading on Friday, hitting $10.42. 9,938 shares of the company were exchanged, compared to its average volume of 53,252. Hennessy Capital Investment Corp. VII has a 1 year low of $10.01 and a 1 year high of $10.99. The stock has a fifty day moving average price of $10.36.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last issued its earnings results on Wednesday, May 13th. The company reported $0.02 EPS for the quarter.

Analyst Upgrades and Downgrades

HVII has been the topic of a number of analyst reports. Benchmark initiated coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Wednesday, April 29th. They issued a “buy” rating on the stock. Weiss Ratings initiated coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Thursday, February 5th. They issued a “sell (d-)” rating on the stock. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hennessy Capital Investment Corp. VII has a consensus 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.