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

Posted by Jessica Moore on Oct 13th, 2024

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 2,700 shares, a drop of 64.5% from the September 15th total of 7,600 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 63,600 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VI

Hedge funds have recently modified their holdings of the stock. K2 Principal Fund L.P. purchased a new position in shares of Hennessy Capital Investment Corp. VI during the 1st quarter valued at $135,000. Tidal Investments LLC bought a new position in shares of Hennessy Capital Investment Corp. VI in the first quarter valued at approximately $208,000. Tuttle Capital Management LLC bought a new stake in Hennessy Capital Investment Corp. VI during the 1st quarter worth approximately $313,000. Robinson Capital Management LLC lifted its stake in 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 purchasing an additional 20,000 shares in the last quarter. Finally, Mizuho Securities USA LLC bought a new stake in Hennessy Capital Investment Corp. VI during the first quarter valued at $815,000. Institutional investors own 59.54% of the company’s stock.

Hennessy Capital Investment Corp. VI Stock Performance

NASDAQ HCVI traded up $0.01 during trading hours on Friday, reaching $10.52. 1,781 shares of the company were exchanged, compared to its average volume of 55,393. Hennessy Capital Investment Corp. VI has a 1 year low of $10.30 and a 1 year high of $13.43. The business’s 50 day simple moving average is $10.66 and its 200-day simple moving average is $10.58.

Hennessy Capital Investment Corp. VI Company Profile

(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.