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

Nvni Group Limited (NASDAQ:NVNIW) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 5,345 shares, a decrease of 42.3% from the February 12th total of 9,262 shares. Based on an average trading volume of 7,989 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 7,989 shares, the days-to-cover ratio is currently 0.7 days.

Nvni Group Trading Down 4.9%

NASDAQ NVNIW traded down $0.00 during trading hours on Friday, reaching $0.03. 5,967 shares of the stock traded hands, compared to its average volume of 8,011. The stock has a 50 day simple moving average of $0.05 and a two-hundred day simple moving average of $0.07. Nvni Group has a 1 year low of $0.03 and a 1 year 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.