Hennessy Capital Investment Corp. VII (NASDAQ:HVII) Short Interest Down 69.3% in April

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,725 shares, a decrease of 69.3% from the April 15th total of 5,619 shares. Based on an average trading volume of 25,068 shares, the short-interest ratio is currently 0.1 days.

Hennessy Capital Investment Corp. VII Stock Up 0.1%

Shares of NASDAQ HVII traded up $0.01 during mid-day trading on Friday, reaching $10.42. The company’s stock had a trading volume of 9,938 shares, compared to its average volume of 53,252. The business has a 50-day simple moving average of $10.36. Hennessy Capital Investment Corp. VII has a 1-year low of $10.01 and a 1-year high of $10.99.

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

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VII

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rivernorth Capital Management LLC boosted its stake in 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 buying an additional 109,024 shares during the period. Millennium Management LLC purchased a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth about $3,492,000. HRT Financial LP purchased a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth about $1,732,000. Monimus Capital Management LP purchased a new position in Hennessy Capital Investment Corp. VII during the fourth quarter worth about $1,550,000. Finally, DLD Asset Management LP boosted its stake in Hennessy Capital Investment Corp. VII by 31.3% during the fourth quarter. DLD Asset Management LP now owns 146,667 shares of the company’s stock worth $1,518,000 after buying an additional 34,965 shares during the period.

Analyst Upgrades and Downgrades

HVII has been the subject of a number of research analyst reports. Benchmark initiated coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Wednesday, April 29th. They set a “buy” rating for the company. Weiss Ratings initiated coverage on shares of Hennessy Capital Investment Corp. VII in a research report on Thursday, February 5th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

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.