Hennessy Capital Investment Corp. VI (NASDAQ:HCVI – Get Rating) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 21,100 shares, a decline of 39.5% from the January 31st total of 34,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 67,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Robinson Capital Management LLC acquired a new position in shares of Hennessy Capital Investment Corp. VI during the 3rd quarter worth $110,000. Walleye Capital LLC acquired a new position in Hennessy Capital Investment Corp. VI in the 1st quarter valued at about $164,000. Condor Capital Management acquired a new position in Hennessy Capital Investment Corp. VI in the 4th quarter valued at about $183,000. Virtu Financial LLC acquired a new position in Hennessy Capital Investment Corp. VI in the 3rd quarter valued at about $190,000. Finally, Cubist Systematic Strategies LLC raised its stake in Hennessy Capital Investment Corp. VI by 40.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 88,170 shares of the company's stock valued at $855,000 after purchasing an additional 25,318 shares during the last quarter. Institutional investors and hedge funds own 67.20% of the company's stock.

Hennessy Capital Investment Corp. VI Price Performance

Shares of NASDAQ:HCVI remained flat at $10.06 during midday trading on Friday. The stock had a trading volume of 60,841 shares, compared to its average volume of 22,126. Hennessy Capital Investment Corp. VI has a fifty-two week low of $9.60 and a fifty-two week high of $10.57. The firm has a fifty day simple moving average of $9.99 and a 200 day simple moving average of $9.84.

Hennessy Capital Investment Corp. VI Company Profile

(Get Rating)

Hennessy Capital Investment Corp. VI does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business in the industrial technology sector.

Further Reading

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