Nvni Group Limited (NASDAQ:NVNI) Short Interest Up 91.2% in March

Nvni Group Limited (NASDAQ:NVNI) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 842,700 shares, an increase of 91.2% from the February 28th total of 440,700 shares. Based on an average daily trading volume, of 16,560,000 shares, the short-interest ratio is currently 0.1 days. Currently, 6.4% of the company’s shares are sold short.

Nvni Group Stock Performance

Shares of NASDAQ:NVNI traded down $0.00 during trading on Friday, reaching $0.21. 11,654,528 shares of the company were exchanged, compared to its average volume of 4,930,447. The business’s fifty day simple moving average is $2.22 and its 200-day simple moving average is $1.66. Nvni Group has a 12-month low of $0.17 and a 12-month high of $12.19.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Nvni Group during the 4th quarter worth $190,000. Geode Capital Management LLC lifted its stake in Nvni Group by 25.4% in the fourth quarter. Geode Capital Management LLC now owns 15,365 shares of the company’s stock worth $38,000 after acquiring an additional 3,113 shares during the period. Anson Funds Management LP bought a new position in Nvni Group during the 4th quarter worth about $1,288,000. Two Sigma Securities LLC bought a new position in Nvni Group during the 4th quarter worth about $32,000. Finally, Heights Capital Management Inc. purchased a new position in Nvni Group during the 4th quarter valued at about $1,288,000. 0.49% of the stock is currently owned by hedge funds and other institutional investors.

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.