Nuvve Holding Corp. (NASDAQ:NVVE) Short Interest Down 90.1% in September

Nuvve Holding Corp. (NASDAQ:NVVE) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 11,300 shares, a decrease of 90.1% from the August 31st total of 113,700 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 760,300 shares, the short-interest ratio is currently 0.0 days.

Nuvve Trading Down 2.3 %

NASDAQ:NVVE traded down $0.15 during mid-day trading on Wednesday, hitting $6.37. The company had a trading volume of 426,346 shares, compared to its average volume of 390,710. The business has a fifty day simple moving average of $1.10 and a 200-day simple moving average of $0.85. The firm has a market capitalization of $4.14 million, a price-to-earnings ratio of -0.20 and a beta of 1.87. Nuvve has a 1 year low of $3.51 and a 1 year high of $167.60.

Nuvve (NASDAQ:NVVE) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.67) earnings per share (EPS) for the quarter. Nuvve had a negative return on equity of 1,240.63% and a negative net margin of 450.35%. The business had revenue of $0.80 million for the quarter.

Hedge Funds Weigh In On Nuvve

A hedge fund recently bought a new stake in Nuvve stock. Anson Funds Management LP purchased a new position in Nuvve Holding Corp. (NASDAQ:NVVE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 195,000 shares of the company’s stock, valued at approximately $214,000. Anson Funds Management LP owned about 3.21% of Nuvve as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 19.01% of the company’s stock.

Nuvve Company Profile

Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets.