Nuvve Holding Corp. (NASDAQ:NVVE) Short Interest Down 96.4% in December

Nuvve Holding Corp. (NASDAQ:NVVE) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 156,732 shares, a decline of 96.4% from the November 30th total of 4,315,966 shares. Based on an average daily trading volume, of 271,249 shares, the short-interest ratio is currently 0.6 days. Currently, 22.6% of the shares of the stock are sold short. Currently, 22.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 271,249 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NVVE shares. Wall Street Zen upgraded Nuvve to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nuvve in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Insider Activity at Nuvve

In other Nuvve news, CEO Gregory Poilasne sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $10.80, for a total transaction of $27,000.00. Following the completion of the transaction, the chief executive officer owned 38,911 shares of the company’s stock, valued at $420,238.80. This represents a 6.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 8,150 shares of company stock worth $73,680 over the last ninety days. 17.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nuvve

Several hedge funds and other institutional investors have recently bought and sold shares of NVVE. PFG Investments LLC purchased a new position in Nuvve during the third quarter worth about $41,000. Citadel Advisors LLC acquired a new stake in shares of Nuvve during the 3rd quarter worth approximately $29,000. Finally, Heritage Investors Management Corp purchased a new stake in shares of Nuvve during the 2nd quarter valued at approximately $95,000. 19.01% of the stock is currently owned by institutional investors and hedge funds.

Nuvve Price Performance

Nuvve stock traded down $0.28 during trading on Wednesday, reaching $3.12. 104,818 shares of the company were exchanged, compared to its average volume of 250,216. The stock’s 50 day simple moving average is $7.63 and its two-hundred day simple moving average is $18.78. The company has a market capitalization of $2.62 million, a P/E ratio of -0.01 and a beta of 1.75. Nuvve has a 52-week low of $2.98 and a 52-week high of $200.80.

Nuvve (NASDAQ:NVVE) last issued its earnings results on Thursday, November 13th. The company reported ($9.60) earnings per share (EPS) for the quarter. The business had revenue of $1.60 million during the quarter.

About Nuvve

Nuvve Corporation is a clean energy technology company specializing in vehicle-to-grid (V2G) solutions that enable electric vehicles to serve as distributed energy resources. Through its proprietary Grid Integrated Vehicle (GIVe) software platform, Nuvve aggregates electric vehicle batteries into a virtual power plant to provide grid services such as frequency regulation, peak shaving and demand response. The company’s technology supports bidirectional charging hardware and integrates with public charging networks, fleet vehicles and stationary energy storage systems.

Founded in 2010 and headquartered in Newark, California, Nuvve began as the Nevada Electric Vehicle Accelerator before rebranding to reflect its expanded global mission.