Short Interest in Nuvve Holding Corp. (NASDAQ:NVVE) Drops By 20.8%

Nuvve Holding Corp. (NASDAQ:NVVE) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 115,800 shares, a decrease of 20.8% from the May 15th total of 146,300 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,740,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nuvve stock. Anson Funds Management LP acquired a new position in Nuvve Holding Corp. (NASDAQ:NVVE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 195,000 shares of the company’s stock, valued at approximately $214,000. Anson Funds Management LP owned approximately 3.21% of Nuvve as of its most recent SEC filing. Institutional investors own 19.01% of the company’s stock.

Nuvve Price Performance

Shares of NVVE traded down $0.03 during mid-day trading on Friday, reaching $0.71. 309,041 shares of the company’s stock traded hands, compared to its average volume of 8,466,120. The stock has a market cap of $4.40 million, a P/E ratio of -0.02 and a beta of 1.81. The stock’s 50-day moving average is $0.70 and its two-hundred day moving average is $2.17. Nuvve has a 12 month low of $0.51 and a 12 month high of $36.00.

Nuvve (NASDAQ:NVVE) last released its earnings results on Tuesday, May 14th. The company reported ($1.69) EPS for the quarter. The business had revenue of $0.78 million for the quarter. Nuvve had a negative net margin of 426.65% and a negative return on equity of 519.59%.

Nuvve Company Profile

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.