Nvni Group Limited (NASDAQ:NVNI) Short Interest Update

Nvni Group Limited (NASDAQ:NVNI) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 410,813 shares, a growth of 143.7% from the November 30th total of 168,539 shares. Currently, 5.1% of the shares of the stock are short sold. Based on an average trading volume of 227,658 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 227,658 shares, the days-to-cover ratio is currently 1.8 days. Currently, 5.1% of the shares of the stock are short sold.

Nvni Group Stock Down 5.0%

Shares of NASDAQ NVNI traded down $0.15 during mid-day trading on Friday, hitting $2.88. 69,549 shares of the company traded hands, compared to its average volume of 1,261,665. Nvni Group has a 1 year low of $1.44 and a 1 year high of $75.80. The stock has a market capitalization of $28.89 million, a price-to-earnings ratio of 7.20 and a beta of -0.30. The business has a 50 day moving average of $3.29 and a two-hundred day moving average of $4.65.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NVNI. Soltis Investment Advisors LLC raised its holdings in shares of Nvni Group by 49.3% during the second quarter. Soltis Investment Advisors LLC now owns 173,665 shares of the company’s stock valued at $51,000 after acquiring an additional 57,332 shares during the period. Jane Street Group LLC acquired a new position in Nvni Group in the 2nd quarter worth approximately $40,000. Finally, Turim 21 Investimentos Ltda. grew its position in Nvni Group by 50.9% during the 3rd quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock worth $46,000 after purchasing an additional 18,847 shares in the last quarter. 0.49% of the stock is owned by hedge funds and other institutional investors.

Nvni Group Company Profile

Nvni Group Limited provides a business to business SaaS platform that offers cloud solutions. The company was incorporated in 2019 and is based in São Paulo, Brazil.