Hennessy Capital Investment Corp VIII (NASDAQ:HCICU) Short Interest Update

Hennessy Capital Investment Corp VIII (NASDAQ:HCICU) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,650 shares, a growth of 733.3% from the May 14th total of 318 shares. Based on an average daily volume of 986 shares, the short-interest ratio is currently 2.7 days.

Hennessy Capital Investment Corp VIII Price Performance

Shares of HCICU traded up $0.01 during trading hours on Thursday, reaching $10.09. The company’s stock had a trading volume of 114 shares, compared to its average volume of 70,913. Hennessy Capital Investment Corp VIII has a 1-year low of $9.80 and a 1-year high of $10.27. The firm has a 50 day moving average of $10.02.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Hennessy Capital Investment Corp VIII to a “hold” rating in a report on Monday, February 16th.

About Hennessy Capital Investment Corp VIII

Hennessy Capital Investment Corp VIII (NASDAQ: HCICU) is a special purpose acquisition company (SPAC), commonly described as a blank‑check company, that was formed to raise capital through an initial public offering and to identify and complete a business combination with one or more operating businesses. As a SPAC, HCICU’s primary activity is to locate suitable target companies and effect a merger, acquisition or similar transaction that transfers an operating company to public markets via the SPAC structure.