Nuvve Holding Corp. (NASDAQ:NVVE) Short Interest Up 92.9% in January

Nuvve Holding Corp. (NASDAQ:NVVE) was the recipient of a significant 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 trading volume, of 11,761,091 shares, the short-interest ratio is currently 0.0 days. Currently, 29.9% of the shares of the stock are short sold. Currently, 29.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,761,091 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

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

Nuvve Trading Down 10.7%

Shares of NVVE traded down $0.19 during midday trading on Friday, hitting $1.58. 424,744 shares of the company traded hands, compared to its average volume of 7,113,811. Nuvve has a one year low of $1.52 and a one year high of $200.80. The stock has a 50-day moving average of $4.64 and a 200-day moving average of $11.72.

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

Insider Activity at Nuvve

In related news, CEO Gregory Poilasne sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $10.80, for a total transaction of $27,000.00. Following the sale, the chief executive officer owned 38,911 shares in the company, valued at $420,238.80. The trade was a 6.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In 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 Investors Weigh In On Nuvve

Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Nuvve in the third quarter worth $29,000. PFG Investments LLC purchased a new position in shares of Nuvve during the third quarter valued at approximately $41,000. Finally, Heritage Investors Management Corp bought a new position in shares of Nuvve during the 2nd quarter valued at $95,000. 19.01% of the stock is currently owned by institutional investors.

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.