Short Interest in Hennessy Capital Acquisition Corp. IV (NASDAQ:HCACU) Drops By 49.3%

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

Hennessy Capital Acquisition Corp. IV Stock Performance

Shares of NASDAQ:HCACU remained flat at $10.30 on Friday. The company’s 50-day moving average is $10.27 and its 200 day moving average is $12.01. Hennessy Capital Acquisition Corp. IV has a 52-week low of $10.00 and a 52-week high of $11.19.

Institutional Trading of Hennessy Capital Acquisition Corp. IV

Several institutional investors have recently made changes to their positions in HCACU. TrueMark Investments LLC acquired a new stake in shares of Hennessy Capital Acquisition Corp. IV during the 4th quarter valued at about $143,000. Gritstone Asset Management LLC acquired a new stake in shares of Hennessy Capital Acquisition Corp. IV during the 4th quarter valued at about $250,000. Virtu Financial LLC acquired a new stake in shares of Hennessy Capital Acquisition Corp. IV during the 4th quarter valued at about $303,000. Mint Tower Capital Management B.V. acquired a new stake in shares of Hennessy Capital Acquisition Corp. IV during the 4th quarter valued at about $501,000. Finally, Quarry LP acquired a new stake in shares of Hennessy Capital Acquisition Corp. IV during the 4th quarter valued at about $501,000.

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.