Nuvve Holding Corp. (NASDAQ:NVVE) Short Interest Down 51.6% in February

Nuvve Holding Corp. (NASDAQ:NVVE) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 39,212 shares, a decrease of 51.6% from the February 12th total of 80,959 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily volume of 138,605 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 138,605 shares, the days-to-cover ratio is currently 0.3 days. Approximately 4.3% of the shares of the stock are sold short.

Institutional Trading of Nuvve

A number of institutional investors have recently made changes to their positions in NVVE. Geode Capital Management LLC grew its holdings in shares of Nuvve by 69.0% in the fourth quarter. Geode Capital Management LLC now owns 37,234 shares of the company’s stock worth $95,000 after purchasing an additional 15,208 shares during the last quarter. Citadel Advisors LLC bought a new stake in Nuvve during the 3rd quarter valued at $29,000. Finally, PFG Investments LLC purchased a new stake in Nuvve during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 19.01% of the company’s stock.

Analyst Upgrades and Downgrades

NVVE has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nuvve in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Nuvve from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Nuvve Stock Up 0.3%

Shares of NASDAQ NVVE traded up $0.00 during midday trading on Thursday, reaching $0.88. The company had a trading volume of 243,799 shares, compared to its average volume of 3,387,652. The stock has a market cap of $983,196.00, a PE ratio of 0.00 and a beta of 1.85. Nuvve has a one year low of $0.72 and a one year high of $142.00. The firm’s fifty day moving average price is $1.95 and its 200-day moving average price is $6.50.

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.