Nvni Group Limited (NASDAQ:NVNI) Short Interest Update

Nvni Group Limited (NASDAQ:NVNI) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 541,557 shares, a decrease of 44.5% from the June 15th total of 975,790 shares. Currently, 6.7% of the company’s shares are short sold. Based on an average trading volume of 68,868 shares, the short-interest ratio is presently 7.9 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Nvni Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Nvni Group Price Performance

NASDAQ NVNI opened at $1.58 on Friday. The stock has a market capitalization of $15.85 million, a P/E ratio of 3.95 and a beta of -0.06. The firm’s 50-day moving average is $1.09 and its two-hundred day moving average is $1.48. Nvni Group has a 12 month low of $0.77 and a 12 month high of $16.40.

Nvni Group (NASDAQ:NVNI) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.67). The business had revenue of $8.80 million for the quarter, compared to analyst estimates of $15.73 million.

Institutional Trading of Nvni Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Narus Financial Partners LLC lifted its stake in Nvni Group by 71.8% during the third quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock worth $29,000 after purchasing an additional 14,800 shares in the last quarter. Turim 21 Investimentos Ltda. grew its stake in shares of Nvni Group by 50.9% in the third quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock valued at $46,000 after buying an additional 18,847 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Nvni Group in the second quarter valued at $40,000. Hedge funds and other institutional investors own 0.49% of the company’s stock.

About Nvni Group

Nvni Group Limited provides a business to business SaaS platform that offers cloud solutions. The company was incorporated in 2019 and is based in São Paulo, Brazil.