Energy Vault Holdings, Inc. (NYSE:NRGV) Sees Significant Growth in Short Interest

Energy Vault Holdings, Inc. (NYSE:NRGV) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 16,346,983 shares, a growth of 47.6% from the February 12th total of 11,077,437 shares. Currently, 12.1% of the shares of the company are short sold. Based on an average trading volume of 3,322,609 shares, the short-interest ratio is presently 4.9 days. Based on an average trading volume of 3,322,609 shares, the short-interest ratio is presently 4.9 days. Currently, 12.1% of the shares of the company are short sold.

Energy Vault Price Performance

Shares of NYSE NRGV opened at $3.31 on Monday. The business has a fifty day moving average price of $4.28 and a two-hundred day moving average price of $3.76. The stock has a market capitalization of $554.55 million, a PE ratio of -3.48 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.59. Energy Vault has a fifty-two week low of $0.60 and a fifty-two week high of $6.35.

Insider Buying and Selling

In other news, CFO Michael Thomas Beer sold 50,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total transaction of $245,500.00. Following the transaction, the chief financial officer owned 1,150,522 shares in the company, valued at approximately $5,649,063.02. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of Energy Vault stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $5.65, for a total value of $16,950,000.00. Following the sale, the insider directly owned 15,535,631 shares of the company’s stock, valued at approximately $87,776,315.15. The trade was a 16.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have bought 16,950 shares of company stock valued at $55,062. Corporate insiders own 19.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp grew its stake in Energy Vault by 1,004.0% during the fourth quarter. State Street Corp now owns 5,697,735 shares of the company’s stock worth $26,267,000 after buying an additional 5,181,624 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Energy Vault in the 4th quarter valued at approximately $18,217,000. Millennium Management LLC raised its position in shares of Energy Vault by 141.2% in the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after buying an additional 3,430,094 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Energy Vault during the 4th quarter worth approximately $11,454,000. Finally, Marshall Wace LLP lifted its holdings in shares of Energy Vault by 132.7% during the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock worth $14,725,000 after acquiring an additional 1,821,462 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NRGV shares. Zacks Research cut Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Fundamental Research set a $5.19 price target on shares of Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $2.67.

Energy Vault Company Profile

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company’s flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.