Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC) Stock Short Interest Report for October

Key Points

• Short interest increased 154.5% in October, rising to 2,453 shares as of October 15 from 964 shares at the end of September. Despite the increase, only 0.0% of shares are sold short and the days-to-cover ratio is 0.1.
• HCIC carries an overall “Sell” rating, based on coverage from one analyst, Weiss Ratings.
• The stock opened at $9.99 and has traded between $9.79 and $10.04 over the past year. Institutional investors own 74.67% of the company, including a new 73,500-share position acquired by Readystate Asset Management.

Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC - Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,453 shares, a growth of 154.5% from the September 30th total of 964 shares. Based on an average daily trading volume, of 23,637 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Hennessy Capital Investment Corp. VIII in a research report on Thursday, August 13th. They issued a "sell (e)" rating for the company. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Hennessy Capital Investment Corp. VIII Stock Performance

Shares of NASDAQ HCIC opened at $9.99 on Friday. The company's 50 day simple moving average is $10.00 and its 200 day simple moving average is $9.95. Hennessy Capital Investment Corp. VIII has a fifty-two week low of $9.79 and a fifty-two week high of $10.04.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Hennessy Capital Investment Corp. VIII stock. Readystate Asset Management LP bought a new stake in Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 73,500 shares of the company's stock, valued at approximately $745,000. Readystate Asset Management LP owned 0.17% of Hennessy Capital Investment Corp. VIII at the end of the most recent quarter. Hedge funds and other institutional investors own 74.67% of the company's stock.

About Hennessy Capital Investment Corp. VIII

Hennessy Capital Investment Corp. VIII NASDAQ: HCIC is a special purpose acquisition company (SPAC). Rather than operating a conventional business, the company was established to raise capital through an initial public offering and pursue a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more operating companies.

As a blank-check company, Hennessy Capital Investment Corp. VIII does not offer branded products or services of its own.

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