Zenvia Inc. (NASDAQ:ZENV) Sees Significant Increase in Short Interest

Zenvia Inc. (NASDAQ:ZENV – Get Rating) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 147,200 shares, a growth of 65.4% from the March 31st total of 89,000 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 115,200 shares, the short-interest ratio is presently 1.3 days.

ZENV has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Zenvia from a “sell” rating to a “hold” rating in a report on Saturday, February 19th. The Goldman Sachs Group decreased their price target on shares of Zenvia from $30.50 to $17.50 and set a “buy” rating on the stock in a report on Wednesday, January 19th.

Institutional investors have recently made changes to their positions in the business. Ghisallo Capital Management LLC bought a new stake in Zenvia in the 3rd quarter worth $3,781,000. BTG Pactual Global Asset Management Ltd purchased a new stake in shares of Zenvia in the 3rd quarter worth about $1,341,000. Provenire Capital LLC purchased a new stake in shares of Zenvia in the 3rd quarter worth about $265,000. Caas Capital Management LP purchased a new stake in shares of Zenvia in the 3rd quarter worth about $2,063,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Zenvia in the 3rd quarter worth about $3,444,000. 18.98% of the stock is currently owned by institutional investors and hedge funds.

ZENV stock opened at $6.76 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.12. Zenvia has a 52 week low of $3.73 and a 52 week high of $20.01. The firm’s fifty day moving average is $5.68 and its 200 day moving average is $7.44.

Zenvia Company Profile (Get Rating)

Zenvia Inc provides customer experience communications platform which empowers businesses to create unique journeys for their end-customers along their life cycle across range of B2C verticals. Zenvia Inc is based in S?O PAULO.

See Also