Churchill Capital Corp VII (NYSE:CVII) Sees Large Drop in Short Interest

Churchill Capital Corp VII (NYSE:CVII) saw a large decrease in short interest in June. As of June 15th, there was short interest totalling 7,400 shares, a decrease of 9.8% from the May 31st total of 8,200 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 91,100 shares, the short-interest ratio is presently 0.1 days.

Churchill Capital Corp VII Price Performance

Shares of CVII stock remained flat at $10.77 during trading hours on Wednesday. 101 shares of the stock traded hands, compared to its average volume of 42,718. The company’s fifty day simple moving average is $10.75 and its 200 day simple moving average is $10.66. Churchill Capital Corp VII has a one year low of $10.31 and a one year high of $10.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Verition Fund Management LLC increased its stake in Churchill Capital Corp VII by 92.2% in the fourth quarter. Verition Fund Management LLC now owns 779,661 shares of the company’s stock valued at $8,186,000 after purchasing an additional 374,095 shares in the last quarter. Berkley W R Corp raised its stake in Churchill Capital Corp VII by 16.1% during the 4th quarter. Berkley W R Corp now owns 2,751,440 shares of the company’s stock worth $28,890,000 after buying an additional 380,817 shares during the period. Hsbc Holdings PLC boosted its holdings in Churchill Capital Corp VII by 89.9% in the fourth quarter. Hsbc Holdings PLC now owns 1,084,196 shares of the company’s stock worth $11,406,000 after acquiring an additional 513,241 shares in the last quarter. Picton Mahoney Asset Management grew its stake in Churchill Capital Corp VII by 65.2% in the fourth quarter. Picton Mahoney Asset Management now owns 1,900,000 shares of the company’s stock valued at $19,950,000 after acquiring an additional 750,000 shares during the period. Finally, Ampfield Management L.P. bought a new stake in shares of Churchill Capital Corp VII during the fourth quarter valued at approximately $46,000. 61.16% of the stock is owned by institutional investors.

Churchill Capital Corp VII Company Profile

Churchill Capital Corp VII 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. The company was incorporated in 2020 and is based in New York, New York.