Nuvve Holding Corp. (NASDAQ:NVVE) Sees Large Decline in Short Interest

Nuvve Holding Corp. (NASDAQ:NVVE) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 11,100 shares, a drop of 33.1% from the October 31st total of 16,600 shares. Based on an average daily volume of 758,500 shares, the short-interest ratio is presently 0.0 days. Approximately 1.5% of the shares of the stock are short sold.

Institutional Trading of Nuvve

A hedge fund recently bought a new stake in Nuvve stock. Partners Group Holding AG bought a new position in Nuvve Holding Corp. (NASDAQ:NVVE) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 6,316,290 shares of the company’s stock, valued at approximately $33,666,000. Nuvve accounts for approximately 2.3% of Partners Group Holding AG’s investment portfolio, making the stock its 21st biggest holding. Partners Group Holding AG owned 971.74% of Nuvve as of its most recent filing with the SEC. Hedge funds and other institutional investors own 19.01% of the company’s stock.

Nuvve Trading Up 0.8 %

Shares of Nuvve stock traded up $0.03 on Friday, hitting $3.65. 5,521 shares of the company traded hands, compared to its average volume of 320,014. The firm’s 50-day simple moving average is $4.18 and its 200 day simple moving average is $5.38. The company has a market cap of $3.18 million, a P/E ratio of -0.04 and a beta of 1.91. Nuvve has a 12-month low of $3.18 and a 12-month high of $72.70.

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.