Nvni Group Limited (NASDAQ:NVNI) Sees Large Increase in Short Interest

Nvni Group Limited (NASDAQ:NVNI) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 387,738 shares, an increase of 28.9% from the March 31st total of 300,796 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average daily volume of 1,700,932 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Nvni Group

A number of institutional investors and hedge funds have recently bought and sold shares of NVNI. Jane Street Group LLC bought a new stake in Nvni Group during the 2nd quarter valued at about $40,000. Turim 21 Investimentos Ltda. increased its stake in Nvni Group by 50.9% during the 3rd quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock valued at $46,000 after purchasing an additional 18,847 shares in the last quarter. Finally, Narus Financial Partners LLC increased its stake in Nvni Group by 71.8% during the 3rd quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock valued at $29,000 after purchasing an additional 14,800 shares in the last quarter. 0.49% of the stock is currently owned by institutional investors.

Nvni Group Trading Down 0.8%

NASDAQ:NVNI traded down $0.01 on Wednesday, reaching $1.31. 89,448 shares of the stock traded hands, compared to its average volume of 311,664. The company has a market capitalization of $13.14 million, a price-to-earnings ratio of 3.28 and a beta of -0.19. Nvni Group has a 12 month low of $0.96 and a 12 month high of $16.40. The company’s fifty day simple moving average is $1.30 and its 200 day simple moving average is $2.35.

About Nvni Group

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.