Hennessy Advisors, Inc. (NASDAQ:HNNA) Sees Significant Decrease in Short Interest
Hennessy Advisors, Inc. (NASDAQ:HNNA) experienced a significant 40.6% decrease in short interest in January, totaling 5,595 shares as of January 15th, resulting in a very low days-to-cover ratio of 0.2 days. Institutional investment saw growth, with firms like Truffle Hound Capital LLC and Navellier & Associates Inc. increasing their stakes. The company's stock currently trades around $10.09 with a market capitalization of $79.59 million and a P/E ratio of 8.00, while Weiss Ratings reissued a "hold (c+)" rating.