Short Interest in Nuvve Holding Corp. (NASDAQ:NVVE) Drops By 90.1%

Nuvve Holding Corp. (NASDAQ:NVVE) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 11,300 shares, a decline of 90.1% from the August 31st total of 113,700 shares. Based on an average trading volume of 760,300 shares, the short-interest ratio is presently 0.0 days. Currently, 1.9% of the company’s shares are short sold.

Institutional Trading of Nuvve

An institutional investor recently bought a new position in Nuvve stock. Anson Funds Management LP purchased a new stake in Nuvve Holding Corp. (NASDAQ:NVVE) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 195,000 shares of the company’s stock, valued at approximately $214,000. Anson Funds Management LP owned 3.21% of Nuvve as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 19.01% of the company’s stock.

Nuvve Trading Down 7.7 %

Shares of NVVE stock traded down $0.44 during trading hours on Friday, reaching $5.28. 147,710 shares of the stock were exchanged, compared to its average volume of 388,080. Nuvve has a 12-month low of $3.51 and a 12-month high of $167.60. The firm has a market capitalization of $3.43 million, a price-to-earnings ratio of -0.16 and a beta of 1.87. The company’s 50-day moving average price is $1.31 and its 200-day moving average price is $0.92.

Nuvve (NASDAQ:NVVE) last released its earnings results on Tuesday, August 13th. The company reported ($0.67) EPS for the quarter. Nuvve had a negative net margin of 450.35% and a negative return on equity of 1,240.63%. The business had revenue of $0.80 million for the quarter.

Nuvve Company Profile

Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets.