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

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 400 shares, a decrease of 20.0% from the November 30th total of 500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 46,300 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HCVI. Spartan Fund Management Inc. grew its position in shares of Hennessy Capital Investment Corp. VI by 274.9% during the 2nd quarter. Spartan Fund Management Inc. now owns 126,405 shares of the company’s stock valued at $1,334,000 after acquiring an additional 92,686 shares during the period. Flow Traders U.S. LLC boosted its position in Hennessy Capital Investment Corp. VI by 10.3% during the third quarter. Flow Traders U.S. LLC now owns 22,441 shares of the company’s stock worth $260,000 after purchasing an additional 2,093 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Hennessy Capital Investment Corp. VI in the third quarter valued at approximately $6,085,000. Finally, Quarry LP purchased a new stake in shares of Hennessy Capital Investment Corp. VI in the third quarter valued at approximately $1,738,000. Hedge funds and other institutional investors own 59.54% of the company’s stock.

Hennessy Capital Investment Corp. VI Price Performance

Shares of HCVI stock opened at $10.59 on Friday. The stock’s 50 day simple moving average is $10.55 and its two-hundred day simple moving average is $10.60. Hennessy Capital Investment Corp. VI has a 1 year low of $10.30 and a 1 year high of $13.43. The company has a market cap of $155.05 million, a PE ratio of -9.90 and a beta of 0.07.

About Hennessy Capital Investment Corp. VI

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.