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

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) was the recipient of 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. Based on an average trading volume of 63,600 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HCVI. Flow State Investments L.P. bought a new stake in Hennessy Capital Investment Corp. VI in the 4th quarter valued at $3,136,000. Tuttle Capital Management LLC acquired a new position in shares of Hennessy Capital Investment Corp. VI in the first quarter valued at $313,000. Mizuho Securities USA LLC bought a new position in shares of Hennessy Capital Investment Corp. VI in the first quarter valued at about $815,000. Robinson Capital Management LLC lifted its stake in shares of Hennessy Capital Investment Corp. VI by 72.1% during the 1st quarter. Robinson Capital Management LLC now owns 47,747 shares of the company’s stock worth $501,000 after buying an additional 20,000 shares during the last quarter. Finally, K2 Principal Fund L.P. bought a new stake in shares of Hennessy Capital Investment Corp. VI during the 1st quarter worth about $135,000. 59.54% of the stock is currently owned by institutional investors.

Hennessy Capital Investment Corp. VI Trading Up 0.1 %

Hennessy Capital Investment Corp. VI stock traded up $0.01 during midday trading on Friday, reaching $10.52. 1,781 shares of the company’s stock were exchanged, compared to its average volume of 55,393. The stock’s 50-day simple moving average is $10.66 and its 200 day simple moving average is $10.58. Hennessy Capital Investment Corp. VI has a 52 week low of $10.30 and a 52 week high of $13.43.

Hennessy Capital Investment Corp. VI Company Profile

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.