Nvni Group Limited (NASDAQ:NVNI) Short Interest Up 28.9% in April

Nvni Group Limited (NASDAQ:NVNI) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 387,738 shares, an increase of 28.9% from the March 31st total of 300,796 shares. Currently, 4.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,700,932 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Nvni Group

Large investors have recently made changes to their positions in the stock. Narus Financial Partners LLC increased its holdings in shares of Nvni Group by 71.8% in the third quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock valued at $29,000 after purchasing an additional 14,800 shares during the last quarter. Turim 21 Investimentos Ltda. lifted its position in Nvni Group by 50.9% during the third quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock worth $46,000 after buying an additional 18,847 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Nvni Group during the second quarter worth $40,000. 0.49% of the stock is currently owned by hedge funds and other institutional investors.

Nvni Group Price Performance

NASDAQ NVNI traded up $0.09 during trading hours on Thursday, hitting $1.40. 75,950 shares of the company’s stock traded hands, compared to its average volume of 946,202. Nvni Group has a 52-week low of $0.96 and a 52-week high of $16.40. The company has a market capitalization of $14.04 million, a PE ratio of 3.50 and a beta of -0.19. The firm’s 50-day moving average is $1.29 and its 200-day moving average is $2.33.

About Nvni Group

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.