Hennessy Capital Investment Corp. VI (NASDAQ:HCVI – Get Rating) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totalling 6,000 shares, a decline of 18.9% from the July 31st total of 7,400 shares. Based on an average daily volume of 98,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Walleye Capital LLC acquired a new position in shares of Hennessy Capital Investment Corp. VI during the first quarter valued at approximately $164,000. CSS LLC IL purchased a new position in Hennessy Capital Investment Corp. VI in the 4th quarter valued at $234,000. Royal Bank of Canada boosted its stake in Hennessy Capital Investment Corp. VI by 92.9% during the 1st quarter. Royal Bank of Canada now owns 78,157 shares of the company's stock worth $758,000 after purchasing an additional 37,630 shares during the last quarter. Exos Asset Management LLC acquired a new stake in Hennessy Capital Investment Corp. VI during the 4th quarter worth $969,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in shares of Hennessy Capital Investment Corp. VI during the first quarter worth $1,207,000. 60.76% of the stock is owned by hedge funds and other institutional investors.
Get Hennessy Capital Investment Corp. VI alerts:Hennessy Capital Investment Corp. VI Price Performance
HCVI remained flat at $9.69 during midday trading on Wednesday. 16 shares of the company's stock traded hands, compared to its average volume of 56,728. The stock's 50-day moving average price is $9.66 and its 200 day moving average price is $9.66. Hennessy Capital Investment Corp. VI has a fifty-two week low of $9.56 and a fifty-two week high of $11.03.
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.
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