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Short Interest in Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) Declines By 40.2%

Financial News Live ·  Nov 14, 2022 08:44

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI – Get Rating) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 9,800 shares, a drop of 40.2% from the October 15th total of 16,400 shares. Based on an average daily trading volume, of 36,400 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company's shares are sold short.

Hennessy Capital Investment Corp. VI Trading Down 0.1 %

NASDAQ:HCVI opened at $9.81 on Monday. The firm's 50 day simple moving average is $9.73 and its 200 day simple moving average is $9.69. Hennessy Capital Investment Corp. VI has a one year low of $9.56 and a one year high of $11.03.

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Institutional Investors Weigh In On Hennessy Capital Investment Corp. VI

Hedge funds have recently added to or reduced their stakes in the business. Robinson Capital Management LLC acquired a new stake in Hennessy Capital Investment Corp. VI during the 3rd quarter worth approximately $110,000. Walleye Capital LLC bought a new position in Hennessy Capital Investment Corp. VI during the 1st quarter worth approximately $164,000. Virtu Financial LLC bought a new position in Hennessy Capital Investment Corp. VI during the 3rd quarter worth approximately $190,000. Royal Bank of Canada raised its holdings 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. Finally, Radcliffe Capital Management L.P. bought a new position in Hennessy Capital Investment Corp. VI during the 1st quarter worth approximately $1,207,000. 60.76% of the stock is currently owned by institutional investors and hedge funds.

About Hennessy Capital Investment Corp. VI

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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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