Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) Short Interest Down 48.1% in June

Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 236 shares, a drop of 48.1% from the May 31st total of 455 shares. Based on an average daily trading volume, of 1,542 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Hennessy Capital Acquisition Corp. IV during the 4th quarter worth $16,232,000. Meteora Capital LLC purchased a new position in Hennessy Capital Acquisition Corp. IV in the fourth quarter valued at about $11,560,000. Saba Capital Management L.P. purchased a new position in Hennessy Capital Acquisition Corp. IV in the fourth quarter valued at about $8,721,000. Verition Fund Management LLC bought a new position in Hennessy Capital Acquisition Corp. IV in the fourth quarter worth about $8,186,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Hennessy Capital Acquisition Corp. IV in the fourth quarter worth about $8,016,000.

Hennessy Capital Acquisition Corp. IV Price Performance

Shares of NASDAQ:HCACU opened at $10.29 on Tuesday. The firm has a 50 day moving average of $10.33 and a 200 day moving average of $10.23. Hennessy Capital Acquisition Corp. IV has a 52 week low of $10.00 and a 52 week high of $11.90.

Hennessy Capital Acquisition Corp. IV Company Profile

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.