Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Sees Large Decline in Short Interest

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 1,725 shares, a decrease of 69.3% from the April 15th total of 5,619 shares. Based on an average daily volume of 25,068 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several research firms have recently issued reports on HVII. Weiss Ratings began coverage on Hennessy Capital Investment Corp. VII in a research note on Thursday, February 5th. They issued a “sell (d-)” rating for the company. Benchmark began coverage on Hennessy Capital Investment Corp. VII in a research note on Wednesday, April 29th. They issued a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VII

Several hedge funds have recently modified their holdings of the stock. Highbridge Capital Management LLC purchased a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter valued at $15,525,000. Aventail Capital Group LP purchased a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter valued at $14,413,000. Verbena Value LP purchased a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter valued at $12,655,000. Rivernorth Capital Management LLC lifted its holdings in shares of Hennessy Capital Investment Corp. VII by 37.6% during the fourth 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 during the last quarter. Finally, Sculptor Capital LP purchased a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter valued at $3,654,000.

Hennessy Capital Investment Corp. VII Stock Down 0.2%

Shares of Hennessy Capital Investment Corp. VII stock opened at $10.42 on Wednesday. Hennessy Capital Investment Corp. VII has a fifty-two week low of $10.01 and a fifty-two week high of $10.99. The company has a fifty day moving average price of $10.36.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last announced its earnings results on Friday, March 6th. The company reported ($0.01) EPS for the quarter.

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.