Hennessy Capital Investment Corp. VII (NASDAQ:HVIIU – Get Free Report) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 28 shares, a decrease of 47.2% from the July 15th total of 53 shares. Based on an average trading volume of 7 shares, the days-to-cover ratio is currently 4.0 days.
Hennessy Capital Investment Corp. VII Price Performance
Shares of HVIIU stock remained flat at $10.78 during trading on Monday. The stock has a 50 day moving average of $10.80 and a 200 day moving average of $10.70. Hennessy Capital Investment Corp. VII has a 12 month low of $10.40 and a 12 month high of $14.00.
Hennessy Capital Investment Corp. VII Company Profile
Hennessy Capital Investment Corp. VII is a special purpose acquisition company formed to identify and complete a business combination with a target company. Organized as a Cayman Islands exempted company, it raises capital through an initial public offering to pursue mergers, stock purchases, asset acquisitions and similar transactions.
Sponsored by Hennessy Capital Partners, an affiliate investment firm with expertise in building growth businesses, the SPAC focuses on sectors such as technology, consumer goods, financial services and business services.
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