Short Interest in Nuvve Holding Corp. (NASDAQ:NVVE) Expands By 379.2%

Nuvve Holding Corp. (NASDAQ:NVVE) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 187,911 shares, a growth of 379.2% from the February 26th total of 39,212 shares. Based on an average daily volume of 1,476,617 shares, the short-interest ratio is presently 0.1 days. Currently, 20.4% of the company’s stock are sold short.

Analyst Ratings Changes

Several research analysts have weighed in on NVVE shares. Wall Street Zen lowered Nuvve from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Nuvve in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nuvve has an average rating of “Sell”.

Institutional Trading of Nuvve

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Nuvve by 69.0% during the 4th quarter. Geode Capital Management LLC now owns 37,234 shares of the company’s stock worth $95,000 after acquiring an additional 15,208 shares during the period. Citadel Advisors LLC bought a new stake in Nuvve in the 3rd quarter valued at $29,000. Finally, PFG Investments LLC acquired a new stake in Nuvve during the 3rd quarter valued at $41,000. 19.01% of the stock is owned by institutional investors and hedge funds.

Nuvve Stock Performance

NASDAQ:NVVE traded down $0.02 during mid-day trading on Thursday, hitting $0.82. The stock had a trading volume of 114,322 shares, compared to its average volume of 870,464. Nuvve has a twelve month low of $0.69 and a twelve month high of $142.00. The stock has a market cap of $917,280.00, a price-to-earnings ratio of 0.00 and a beta of 1.85. The company’s 50 day simple moving average is $1.40 and its 200 day simple moving average is $5.46.

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.