Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) Short Interest Up 21.6% in July

Posted by Oscar Bower on Jul 31st, 2024

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 4,500 shares, an increase of 21.6% from the June 30th total of 3,700 shares. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HCVI. K2 Principal Fund L.P. bought a new stake in shares of Hennessy Capital Investment Corp. VI in the 1st quarter valued at $135,000. Tidal Investments LLC bought a new stake in Hennessy Capital Investment Corp. VI during the first quarter valued at $208,000. Tuttle Capital Management LLC acquired a new stake in Hennessy Capital Investment Corp. VI during the 1st quarter worth about $313,000. Spartan Fund Management Inc. acquired a new stake in Hennessy Capital Investment Corp. VI during the 1st quarter worth about $351,000. Finally, Robinson Capital Management LLC raised its position in shares of Hennessy Capital Investment Corp. VI by 72.1% in the 1st quarter. Robinson Capital Management LLC now owns 47,747 shares of the company’s stock worth $501,000 after acquiring an additional 20,000 shares in the last quarter. Institutional investors own 59.54% of the company’s stock.

Hennessy Capital Investment Corp. VI Price Performance

Shares of HCVI traded up $0.04 during mid-day trading on Tuesday, reaching $10.63. 4,032 shares of the company were exchanged, compared to its average volume of 38,477. The business has a 50 day simple moving average of $10.57 and a two-hundred day simple moving average of $10.47. Hennessy Capital Investment Corp. VI has a 52 week low of $10.28 and a 52 week high of $11.47.

About Hennessy Capital Investment Corp. VI

(Get Free Report)

Hennessy Capital Investment Corp. VI does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the industrial technology sectors in the United States. The company was incorporated in 2021 and is based in Zephyr Cove, Nevada.