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Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) Sees Significant Growth in Short Interest

Financial News Live ·  May 3, 2023 11:12

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI – Get Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 2,800 shares, a growth of 7.7% from the March 31st total of 2,600 shares. Based on an average daily trading volume, of 18,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company's shares are sold short.

Institutional Trading of Hennessy Capital Investment Corp. VI

Several institutional investors and hedge funds have recently added to or reduced their stakes in HCVI. Robinson Capital Management LLC purchased a new stake in Hennessy Capital Investment Corp. VI in the 3rd quarter valued at approximately $110,000. Walleye Capital LLC acquired a new position in shares of Hennessy Capital Investment Corp. VI during the first quarter valued at approximately $164,000. Condor Capital Management acquired a new position in shares of Hennessy Capital Investment Corp. VI during the fourth quarter valued at approximately $183,000. Virtu Financial LLC acquired a new position in Hennessy Capital Investment Corp. VI in the third quarter worth approximately $190,000. Finally, Royal Bank of Canada grew its position 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 in the last quarter. 67.20% of the stock is owned by hedge funds and other institutional investors.

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Hennessy Capital Investment Corp. VI Price Performance

HCVI opened at $10.23 on Wednesday. Hennessy Capital Investment Corp. VI has a 12 month low of $9.60 and a 12 month high of $10.57. The business has a fifty day moving average price of $10.11 and a 200 day moving average price of $9.97.

Hennessy Capital Investment Corp. VI Company Profile

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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.

Further Reading

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