Short Interest in Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Rises By 2,137.6%

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was the target of a significant increase in short interest during 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 daily volume of 170,403 shares, the days-to-cover ratio is presently 0.3 days.

Hennessy Capital Investment Corp. VII Stock Performance

Hennessy Capital Investment Corp. VII stock opened at $10.56 on Friday. Hennessy Capital Investment Corp. VII has a fifty-two week low of $6.25 and a fifty-two week high of $12.05. The firm’s fifty day moving average price is $9.86 and its 200-day moving average price is $10.20.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Hennessy Capital Investment Corp. VII

Several institutional investors and hedge funds have recently made changes to their positions in HVII. Lineage Point Capital LP purchased a new stake in Hennessy Capital Investment Corp. VII during the fourth quarter valued at about $104,000. Barclays PLC purchased a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter worth about $104,000. Virtu Financial LLC bought a new stake in shares of Hennessy Capital Investment Corp. VII in the 4th quarter valued at about $322,000. Cannon Global Investment Management LLC lifted its stake in shares of Hennessy Capital Investment Corp. VII by 14.2% in the 1st quarter. Cannon Global Investment Management LLC now owns 58,000 shares of the company’s stock valued at $600,000 after acquiring an additional 7,200 shares during the last quarter. Finally, Cantor Fitzgerald L. P. purchased a new stake in Hennessy Capital Investment Corp. VII during the 4th quarter valued at about $927,000.

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.