Churchill Capital Corp VII (NYSE:CVII – Get Rating) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 57,300 shares, an increase of 16.9% from the March 31st total of 49,000 shares. Based on an average trading volume of 282,500 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
Shares of NYSE:CVII opened at $9.79 on Friday. The company’s fifty day moving average is $9.77 and its two-hundred day moving average is $9.77. Churchill Capital Corp VII has a 1-year low of $9.64 and a 1-year high of $9.96.
Several large investors have recently made changes to their positions in CVII. PenderFund Capital Management Ltd. lifted its holdings in shares of Churchill Capital Corp VII by 491.7% in the 4th quarter. PenderFund Capital Management Ltd. now owns 6,071 shares of the company’s stock worth $75,000 after purchasing an additional 5,045 shares during the last quarter. Mariner Investment Group LLC acquired a new stake in Churchill Capital Corp VII in the third quarter worth $97,000. Havens Advisors LLC bought a new stake in Churchill Capital Corp VII in the first quarter valued at $98,000. Crestline Management LP acquired a new position in shares of Churchill Capital Corp VII during the third quarter valued at $100,000. Finally, Levin Capital Strategies L.P. bought a new position in shares of Churchill Capital Corp VII during the fourth quarter worth about $123,000. 73.99% of the stock is owned by institutional investors and hedge funds.
Churchill Capital Corp VII focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.
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