Hennessy Capital (NASDAQ:HCAC) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 223,800 shares, a growth of 36.0% from the August 31st total of 164,600 shares. Based on an average daily trading volume, of 1,230,000 shares, the short-interest ratio is presently 0.2 days.
Shares of HCAC traded down $0.01 during mid-day trading on Thursday, reaching $11.13. The stock had a trading volume of 845,478 shares, compared to its average volume of 596,428. Hennessy Capital has a 52-week low of $9.21 and a 52-week high of $13.50. The company has a fifty day moving average of $11.16.
In other news, major shareholder Glazer Capital, Llc sold 22,797 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $10.80, for a total value of $246,207.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 193,880 shares of company stock valued at $2,132,649 over the last quarter. Company insiders own 26.34% of the company’s stock.
Hennessy Capital Company Profile
Hennessy Capital Acquisition Corp. IV does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was founded in 2018 and is based in Wilson, Wyoming.
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