Hennessy Capital Investment Corp. VII (NASDAQ:HVIIU – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 28 shares, a decrease of 47.2% from the July 15th total of 53 shares. Based on an average daily volume of 7 shares, the days-to-cover ratio is currently 4.0 days.
Hennessy Capital Investment Corp. VII Stock Performance
NASDAQ:HVIIU remained flat at $10.78 during mid-day trading on Friday. Hennessy Capital Investment Corp. VII has a 1 year low of $10.40 and a 1 year high of $14.00. The stock has a fifty day simple moving average of $10.80 and a 200 day simple moving average of $10.70.
About Hennessy Capital Investment Corp. VII
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.
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