Nuvve Holding Corp. (NASDAQ:NVVE) Sees Large Growth in Short Interest

Nuvve Holding Corp. (NASDAQ:NVVE) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 79,700 shares, an increase of 74.4% from the January 31st total of 45,700 shares. Based on an average daily trading volume, of 302,500 shares, the short-interest ratio is currently 0.3 days. Approximately 7.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Nuvve

A hedge fund recently bought a new stake in Nuvve stock. Partners Group Holding AG bought a new stake in shares of Nuvve Holding Corp. (NASDAQ:NVVE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,316,290 shares of the company’s stock, valued at approximately $33,666,000. Nuvve comprises about 2.3% of Partners Group Holding AG’s holdings, making the stock its 21st largest position. Partners Group Holding AG owned about 971.74% of Nuvve at the end of the most recent quarter. 19.01% of the stock is owned by institutional investors.

Nuvve Price Performance

Shares of NASDAQ NVVE traded up $0.30 during mid-day trading on Friday, reaching $2.70. 60,670,550 shares of the company’s stock traded hands, compared to its average volume of 2,049,975. Nuvve has a 1-year low of $2.11 and a 1-year high of $17.30. The stock has a market cap of $3.49 million, a P/E ratio of -0.03 and a beta of 1.88. The business has a 50-day simple moving average of $2.95 and a 200 day simple moving average of $3.75.

About Nuvve

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.