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

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 daily volume of 141,941 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Highbridge Capital Management LLC purchased a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter valued at $15,525,000. Aventail Capital Group LP purchased a new stake in Hennessy Capital Investment Corp. VII during the 4th quarter worth approximately $14,413,000. Verbena Value LP acquired a new position in shares of Hennessy Capital Investment Corp. VII in the 4th quarter valued at approximately $12,655,000. Rivernorth Capital Management LLC raised its position in shares of Hennessy Capital Investment Corp. VII by 37.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 399,024 shares of the company’s stock valued at $4,130,000 after purchasing an additional 109,024 shares in the last quarter. Finally, Sculptor Capital LP purchased a new position in shares of Hennessy Capital Investment Corp. VII during the 4th quarter valued at approximately $3,654,000.

Hennessy Capital Investment Corp. VII Price Performance

Shares of NASDAQ HVII traded up $0.44 on Thursday, hitting $7.74. The company had a trading volume of 23,127 shares, compared to its average volume of 68,839. 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 $10.11 and a two-hundred day moving average of $10.28.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Benchmark began coverage on Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They set a “buy” rating for the company. Wall Street Zen raised shares of Hennessy Capital Investment Corp. VII to a “sell” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hennessy Capital Investment Corp. VII presently has a consensus rating of “Hold”.

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.