Short Interest in Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) Drops By 50.2%

Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 107 shares, a decrease of 50.2% from the July 15th total of 215 shares. Based on an average trading volume of 3,287 shares, the days-to-cover ratio is currently 0.0 days.

Hennessy Capital Acquisition Corp. IV Stock Performance

NASDAQ:HCACU remained flat at $10.30 during trading hours on Monday. The stock’s 50 day moving average is $10.32 and its 200 day moving average is $10.29. Hennessy Capital Acquisition Corp. IV has a fifty-two week low of $10.00 and a fifty-two week high of $11.90.

Hedge Funds Weigh In On Hennessy Capital Acquisition Corp. IV

Hedge funds and other institutional investors have recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. bought a new stake in Hennessy Capital Acquisition Corp. IV during the 4th quarter valued at approximately $16,232,000. Meteora Capital LLC bought a new stake in shares of Hennessy Capital Acquisition Corp. IV during the fourth quarter valued at approximately $11,560,000. Saba Capital Management L.P. purchased a new stake in Hennessy Capital Acquisition Corp. IV in the fourth quarter worth $8,721,000. Verition Fund Management LLC purchased a new stake in Hennessy Capital Acquisition Corp. IV in the fourth quarter worth $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 $8,016,000.

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.