Short Interest in Churchill Capital Corp VII (NYSE:CVII) Rises By 133.2%

Churchill Capital Corp VII (NYSE:CVII – Get Rating) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totalling 54,800 shares, an increase of 133.2% from the April 15th total of 23,500 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CVII. Hsbc Holdings PLC increased its stake in shares of Churchill Capital Corp VII by 114.1% in the third quarter. Hsbc Holdings PLC now owns 4,497,165 shares of the company’s stock worth $44,252,000 after acquiring an additional 2,396,761 shares during the period. Bank of Montreal Can grew its position in Churchill Capital Corp VII by 19.2% during the third quarter. Bank of Montreal Can now owns 4,492,646 shares of the company’s stock valued at $44,297,000 after buying an additional 723,680 shares during the period. CSS LLC IL grew its position in Churchill Capital Corp VII by 4.5% during the fourth quarter. CSS LLC IL now owns 2,118,452 shares of the company’s stock valued at $21,121,000 after buying an additional 90,535 shares during the period. First Trust Capital Management L.P. grew its position in Churchill Capital Corp VII by 47.8% during the first quarter. First Trust Capital Management L.P. now owns 1,624,286 shares of the company’s stock valued at $16,470,000 after buying an additional 525,000 shares during the period. Finally, Dark Forest Capital Management LP grew its position in shares of Churchill Capital Corp VII by 2.0% in the fourth quarter. Dark Forest Capital Management LP now owns 1,305,581 shares of the company’s stock valued at $13,017,000 after purchasing an additional 25,000 shares during the period. Institutional investors and hedge funds own 72.52% of the company’s stock.

Churchill Capital Corp VII Stock Performance

Shares of Churchill Capital Corp VII stock opened at $10.20 on Friday. Churchill Capital Corp VII has a 12-month low of $9.72 and a 12-month high of $10.20. The firm’s 50 day simple moving average is $10.14 and its two-hundred day simple moving average is $10.04.

About Churchill Capital Corp VII

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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.