Nuvve Holding Corp. (NASDAQ:NVVE) Short Interest Up 379.2% in March

Nuvve Holding Corp. (NASDAQ:NVVE) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 187,911 shares, a growth of 379.2% from the February 26th total of 39,212 shares. Based on an average daily trading volume, of 1,476,617 shares, the days-to-cover ratio is presently 0.1 days. Currently, 20.4% of the company’s shares are short sold. Currently, 20.4% of the company’s shares are short sold. Based on an average daily trading volume, of 1,476,617 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Nuvve

A number of institutional investors have recently added to or reduced their stakes in NVVE. Citadel Advisors LLC purchased a new position in Nuvve in the third quarter valued at about $29,000. PFG Investments LLC acquired a new stake in shares of Nuvve in the third quarter valued at about $41,000. Finally, Geode Capital Management LLC raised its holdings in shares of Nuvve by 69.0% during the 4th quarter. Geode Capital Management LLC now owns 37,234 shares of the company’s stock valued at $95,000 after buying an additional 15,208 shares during the period. 19.01% of the stock is owned by hedge funds and other institutional investors.

Nuvve Price Performance

NVVE stock traded down $0.01 during trading on Wednesday, reaching $0.83. 53,485 shares of the stock traded hands, compared to its average volume of 2,883,967. The business’s 50 day moving average price is $1.52 and its 200-day moving average price is $5.53. Nuvve has a 52-week low of $0.69 and a 52-week high of $142.00. The firm has a market capitalization of $932,960.00, a PE ratio of 0.00 and a beta of 1.85.

Analysts Set New Price Targets

Several analysts have commented on NVVE shares. Weiss Ratings restated a “sell (e+)” rating on shares of Nuvve in a report on Thursday, January 22nd. Wall Street Zen cut shares of Nuvve from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.