Short Interest in Churchill Capital Corp VII (NYSE:CVII) Decreases By 45.5%

Churchill Capital Corp VII (NYSE:CVIIGet Rating) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 53,100 shares, a decline of 45.5% from the April 30th total of 97,400 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 458,300 shares, the days-to-cover ratio is presently 0.1 days.

NYSE:CVII remained flat at $$9.78 during mid-day trading on Friday. The company had a trading volume of 1,169,384 shares, compared to its average volume of 449,336. The company has a 50 day moving average price of $9.77 and a 200 day moving average price of $9.77. Churchill Capital Corp VII has a one year low of $9.64 and a one year high of $9.88.

A number of large investors have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC lifted its position in Churchill Capital Corp VII by 11.6% in the third quarter. Highbridge Capital Management LLC now owns 2,527,947 shares of the company’s stock valued at $24,572,000 after purchasing an additional 262,839 shares during the last quarter. Bank of Montreal Can lifted its position in Churchill Capital Corp VII by 4.4% in the fourth quarter. Bank of Montreal Can now owns 2,353,353 shares of the company’s stock valued at $23,157,000 after purchasing an additional 100,000 shares during the last quarter. Empyrean Capital Partners LP lifted its position in Churchill Capital Corp VII by 262.9% in the first quarter. Empyrean Capital Partners LP now owns 1,640,484 shares of the company’s stock valued at $16,060,000 after purchasing an additional 1,188,484 shares during the last quarter. Fort Baker Capital Management LP increased its stake in shares of Churchill Capital Corp VII by 64.7% during the first quarter. Fort Baker Capital Management LP now owns 1,140,843 shares of the company’s stock valued at $11,168,000 after buying an additional 448,066 shares during the period. Finally, Picton Mahoney Asset Management increased its stake in shares of Churchill Capital Corp VII by 90.5% during the first quarter. Picton Mahoney Asset Management now owns 800,000 shares of the company’s stock valued at $7,833,000 after buying an additional 380,000 shares during the period. Institutional investors own 73.99% of the company’s stock.

Churchill Capital Corp VII Company Profile (Get Rating)

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 incorporated in 2020 and is based in New York, New York.

Further Reading

Receive News & Ratings for Churchill Capital Corp VII Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Churchill Capital Corp VII and related companies with MarketBeat.com's FREE daily email newsletter.