Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Short Interest Update

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 55,604 shares, an increase of 2,137.6% from the August 15th total of 2,485 shares. Based on an average trading volume of 170,403 shares, the short-interest ratio is currently 0.3 days.

Hennessy Capital Investment Corp. VII Stock Performance

Shares of NASDAQ HVII opened at $10.60 on Friday. The stock’s 50 day moving average price is $9.86 and its 200-day moving average price is $10.20. Hennessy Capital Investment Corp. VII has a twelve month low of $6.25 and a twelve month high of $12.05.

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.04 EPS for the quarter.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VII

Several large investors have recently made changes to their positions in the business. Cannon Global Investment Management LLC boosted its holdings in shares of Hennessy Capital Investment Corp. VII by 14.2% in the 1st quarter. Cannon Global Investment Management LLC now owns 58,000 shares of the company’s stock worth $600,000 after buying an additional 7,200 shares during the last quarter. Lineage Point Capital LP purchased a new stake in Hennessy Capital Investment Corp. VII during the fourth quarter worth about $104,000. Barclays PLC purchased a new stake in Hennessy Capital Investment Corp. VII during the fourth quarter worth about $104,000. Virtu Financial LLC bought a new stake in Hennessy Capital Investment Corp. VII in the fourth quarter worth about $322,000. Finally, DLD Asset Management LP raised its position in Hennessy Capital Investment Corp. VII by 31.3% in the fourth quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock worth $1,518,000 after acquiring an additional 34,965 shares during the period.

Analysts Set New Price Targets

A number of research firms recently weighed in on HVII. Wall Street Zen upgraded shares of Hennessy Capital Investment Corp. VII to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded Hennessy Capital Investment Corp. VII from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.