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

Nuvve Holding Corp. (NASDAQ:NVVE) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 339,500 shares, a growth of 110.0% from the June 15th total of 161,700 shares. Based on an average trading volume of 2,860,000 shares, the short-interest ratio is presently 0.1 days. Approximately 5.7% of the shares of the stock are short sold.

Institutional Trading of Nuvve

An institutional investor recently bought a new position in Nuvve stock. Anson Funds Management LP acquired a new stake in Nuvve Holding Corp. (NASDAQ:NVVE) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 195,000 shares of the company’s stock, valued at approximately $214,000. Anson Funds Management LP owned approximately 3.21% of Nuvve at the end of the most recent quarter. 19.01% of the stock is owned by institutional investors and hedge funds.

Nuvve Stock Performance

Shares of Nuvve stock traded up $0.03 during midday trading on Friday, reaching $0.65. The company had a trading volume of 115,110 shares, compared to its average volume of 571,563. The stock has a fifty day simple moving average of $0.67 and a 200 day simple moving average of $1.40. Nuvve has a 1-year low of $0.51 and a 1-year high of $36.00.

Nuvve (NASDAQ:NVVE) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($1.69) earnings per share for the quarter. Nuvve had a negative net margin of 426.65% and a negative return on equity of 519.59%. The company had revenue of $0.78 million during the quarter.

Nuvve Company Profile

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.