Short Interest in Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Drops By 49.1%

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 878 shares, a decline of 49.1% from the April 30th total of 1,725 shares. Based on an average trading volume of 9,552 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HVII. Benchmark began coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Wednesday, April 29th. They set a “buy” rating for the company. Weiss Ratings began coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Thursday, February 5th. They set a “sell (d-)” rating for the company. One equities research 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, Hennessy Capital Investment Corp. VII presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VII

A number of institutional investors have recently made changes to their positions in the stock. Cannon Global Investment Management LLC increased its position in shares of Hennessy Capital Investment Corp. VII by 14.2% during the first 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. Lineage Point Capital LP acquired a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter valued at about $104,000. Barclays PLC acquired a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter valued at about $104,000. Virtu Financial LLC acquired a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter valued at about $322,000. Finally, DLD Asset Management LP increased its position in shares of Hennessy Capital Investment Corp. VII by 31.3% during the fourth quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock valued at $1,518,000 after acquiring an additional 34,965 shares during the last quarter.

Hennessy Capital Investment Corp. VII Stock Performance

Hennessy Capital Investment Corp. VII stock remained flat at $10.43 during midday trading on Tuesday. 1,527 shares of the company traded hands, compared to its average volume of 63,831. Hennessy Capital Investment Corp. VII has a 52-week low of $10.05 and a 52-week high of $10.99. The firm has a fifty day moving average of $10.39.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter.

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.