Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) Sees Significant Decline in Short Interest

Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 1,011 shares, a decrease of 49.3% from the April 15th total of 1,995 shares. Based on an average trading volume of 755 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Hennessy Capital Acquisition Corp. IV

Hedge funds have recently made changes to their positions in the company. Wealthspring Capital LLC acquired a new stake in shares of Hennessy Capital Acquisition Corp. IV during the 4th quarter worth about $2,505,000. Wolverine Asset Management LLC acquired a new stake in Hennessy Capital Acquisition Corp. IV during the 4th quarter valued at $1,002,000. Gritstone Asset Management LLC acquired a new stake in Hennessy Capital Acquisition Corp. IV during the 4th quarter valued at $250,000. Virtu Financial LLC acquired a new stake in Hennessy Capital Acquisition Corp. IV during the 4th quarter valued at $303,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in Hennessy Capital Acquisition Corp. IV by 49.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 359,984 shares of the company’s stock valued at $3,690,000 after purchasing an additional 119,387 shares in the last quarter.

Hennessy Capital Acquisition Corp. IV Price Performance

Hennessy Capital Acquisition Corp. IV stock remained flat at $10.30 during mid-day trading on Friday. The firm’s fifty day simple moving average is $10.27 and its 200 day simple moving average is $12.09. Hennessy Capital Acquisition Corp. IV has a 1-year low of $10.00 and a 1-year high of $11.19.

About Hennessy Capital Acquisition Corp. IV

Hennessy Capital Acquisition Corp. IV does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was founded in 2018 and is based in Wilson, Wyoming.