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

Nuvve Holding Corp. (NASDAQ:NVVE) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 51,700 shares, an increase of 138.2% from the March 15th total of 21,700 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 1,340,000 shares, the short-interest ratio is presently 0.0 days.

Nuvve Price Performance

NASDAQ NVVE traded up $0.01 on Wednesday, hitting $1.02. The company had a trading volume of 33,469 shares, compared to its average volume of 621,833. Nuvve has a 12-month low of $0.82 and a 12-month high of $17.30. The company has a market capitalization of $3.13 million, a PE ratio of -0.01 and a beta of 1.96. The company’s fifty day moving average price is $1.82 and its 200-day moving average price is $2.93.

Nuvve (NASDAQ:NVVE) last posted its quarterly earnings results on Monday, March 31st. The company reported ($5.75) earnings per share for the quarter, beating the consensus estimate of ($32.00) by $26.25. The business had revenue of $1.79 million during the quarter, compared to analysts’ expectations of $8.09 million. Nuvve had a negative net margin of 389.87% and a negative return on equity of 1,604.08%.

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.