Short Interest in Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Declines By 35.2%

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 569 shares, a drop of 35.2% from the May 14th total of 878 shares. Based on an average daily trading volume, of 160,473 shares, the days-to-cover ratio is currently 0.0 days.

Hennessy Capital Investment Corp. VII Stock Performance

NASDAQ HVII opened at $10.45 on Thursday. The stock has a 50-day moving average of $10.41. Hennessy Capital Investment Corp. VII has a 52 week low of $10.13 and a 52 week high of $10.99.

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

Wall Street Analysts Forecast Growth

HVII has been the subject of several research analyst reports. Benchmark initiated coverage on Hennessy Capital Investment Corp. VII in a report on Wednesday, April 29th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Hennessy Capital Investment Corp. VII in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Hennessy Capital Investment Corp. VII currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC bought a new position in shares of Hennessy Capital Investment Corp. VII in the fourth quarter worth about $15,525,000. Aventail Capital Group LP purchased a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter worth about $14,413,000. Verbena Value LP purchased a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter worth about $12,655,000. Rivernorth Capital Management LLC grew its position 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 worth $4,130,000 after purchasing an additional 109,024 shares in the last quarter. Finally, Sculptor Capital LP purchased a new stake in shares of Hennessy Capital Investment Corp. VII during the fourth quarter worth about $3,654,000.

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.