Short Interest in Nuvve Holding Corp. (NASDAQ:NVVE) Decreases By 51.6%

Nuvve Holding Corp. (NASDAQ:NVVE) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 39,212 shares, a decline of 51.6% from the February 12th total of 80,959 shares. Based on an average trading volume of 138,605 shares, the short-interest ratio is presently 0.3 days. Approximately 4.3% of the shares of the company are short sold. Approximately 4.3% of the shares of the company are short sold. Based on an average trading volume of 138,605 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

NVVE has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nuvve in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Nuvve from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nuvve has a consensus rating of “Sell”.

Nuvve Trading Up 0.3%

Shares of NVVE traded up $0.00 during trading hours on Thursday, reaching $0.88. 243,799 shares of the company’s stock traded hands, compared to its average volume of 3,387,652. Nuvve has a 12 month low of $0.72 and a 12 month high of $142.00. The stock has a market cap of $983,196.00, a PE ratio of 0.00 and a beta of 1.85. The firm’s 50 day simple moving average is $1.95 and its 200-day simple moving average is $6.50.

Hedge Funds Weigh In On Nuvve

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Nuvve by 69.0% during the 4th quarter. Geode Capital Management LLC now owns 37,234 shares of the company’s stock valued at $95,000 after buying an additional 15,208 shares in the last quarter. Citadel Advisors LLC bought a new position in Nuvve in the third quarter valued at $29,000. Finally, PFG Investments LLC bought a new position in Nuvve in the third quarter valued at $41,000. Institutional investors own 19.01% of the company’s stock.

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.