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 large decline in short interest in December. As of December 15th, there was short interest totalling 400 shares, a decline of 20.0% from the November 30th total of 500 shares. Based on an average daily volume of 46,300 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VI

Several hedge funds have recently bought and sold shares of HCVI. Quarry LP acquired a new position in shares of Hennessy Capital Investment Corp. VI in the 3rd quarter valued at about $1,738,000. Polar Asset Management Partners Inc. acquired a new position in Hennessy Capital Investment Corp. VI in the 3rd quarter valued at approximately $6,085,000. Flow Traders U.S. LLC lifted its position in Hennessy Capital Investment Corp. VI by 10.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 22,441 shares of the company’s stock worth $260,000 after buying an additional 2,093 shares in the last quarter. Finally, Spartan Fund Management Inc. lifted its position in Hennessy Capital Investment Corp. VI by 19.8% in the 3rd quarter. Spartan Fund Management Inc. now owns 151,405 shares of the company’s stock worth $1,744,000 after buying an additional 25,000 shares in the last quarter. 59.54% of the stock is owned by hedge funds and other institutional investors.

Hennessy Capital Investment Corp. VI Stock Performance

Shares of HCVI remained flat at $10.59 during mid-day trading on Tuesday. The stock had a trading volume of 94 shares, compared to its average volume of 50,382. The company has a market cap of $155.05 million, a P/E ratio of -9.90 and a beta of 0.07. The company has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $10.60. Hennessy Capital Investment Corp. VI has a one year low of $10.30 and a one year 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.