Nuvve Holding Corp. (NASDAQ:NVVE) Short Interest Update

Nuvve Holding Corp. (NASDAQ:NVVE) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 275,598 shares, a growth of 92.9% from the December 31st total of 142,847 shares. Based on an average daily volume of 11,761,091 shares, the days-to-cover ratio is currently 0.0 days. Currently, 29.9% of the company’s shares are sold short. Currently, 29.9% of the company’s shares are sold short. Based on an average daily volume of 11,761,091 shares, the days-to-cover ratio is currently 0.0 days.

Insider Activity

In other news, CEO Gregory Poilasne sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $10.80, for a total value of $27,000.00. Following the completion of the transaction, the chief executive officer owned 38,911 shares in the company, valued at $420,238.80. This trade represents a 6.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 8,150 shares of company stock valued at $73,680. 17.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new stake in shares of Nuvve during the third quarter worth about $29,000. PFG Investments LLC acquired a new stake in Nuvve in the 3rd quarter worth approximately $41,000. Finally, Heritage Investors Management Corp purchased a new stake in Nuvve during the 2nd quarter worth approximately $95,000. 19.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NVVE has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Nuvve from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Nuvve in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nuvve presently has an average rating of “Sell”.

Nuvve Trading Down 10.7%

NVVE opened at $1.58 on Friday. The firm has a market cap of $1.77 million, a P/E ratio of 0.00 and a beta of 1.76. The stock has a 50-day moving average of $4.47 and a 200 day moving average of $11.29. Nuvve has a 12 month low of $1.52 and a 12 month high of $200.80.

Nuvve (NASDAQ:NVVE) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($9.60) earnings per share (EPS) for the quarter. The business had revenue of $1.60 million for the quarter.

Nuvve Company Profile

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.