Nvni Group Limited (NASDAQ:NVNIW) Sees Large Drop in Short Interest

Nvni Group Limited (NASDAQ:NVNIW) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 4,551 shares, a decrease of 14.9% from the February 26th total of 5,345 shares. Based on an average daily trading volume, of 4,579 shares, the days-to-cover ratio is presently 1.0 days.

Nvni Group Stock Down 19.6%

Nvni Group stock traded down $0.01 during midday trading on Tuesday, reaching $0.05. The company’s stock had a trading volume of 5,482 shares, compared to its average volume of 7,558. The business has a 50-day simple moving average of $0.05 and a 200-day simple moving average of $0.07. Nvni Group has a fifty-two week low of $0.03 and a fifty-two week high of $0.16.

Nvni Group Company Profile

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.