Nuvve Holding Corp. (NASDAQ:NVVE) Short Interest Update

Nuvve Holding Corp. (NASDAQ:NVVE) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 39,212 shares, a drop of 51.6% from the February 12th total of 80,959 shares. Based on an average daily volume of 138,605 shares, the days-to-cover ratio is currently 0.3 days. Currently, 4.3% of the shares of the stock are sold short. Currently, 4.3% of the shares of the stock are sold short. Based on an average daily volume of 138,605 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Nuvve

A number of hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in shares of Nuvve during the third quarter worth $29,000. PFG Investments LLC acquired a new position in shares of Nuvve in the 3rd quarter valued at $41,000. Finally, Geode Capital Management LLC increased its stake in Nuvve by 69.0% in the 4th quarter. Geode Capital Management LLC now owns 37,234 shares of the company’s stock worth $95,000 after purchasing an additional 15,208 shares in the last quarter. 19.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Nuvve Stock Down 7.8%

NASDAQ:NVVE traded down $0.07 during trading hours on Friday, reaching $0.83. 138,122 shares of the company’s stock were exchanged, compared to its average volume of 853,001. The company has a market capitalization of $924,224.00, a P/E ratio of 0.00 and a beta of 1.85. Nuvve has a 12 month low of $0.72 and a 12 month high of $142.00. The business’s 50-day simple moving average is $1.88 and its two-hundred day simple moving average is $6.33.

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.