Nuvve Holding Corp. (NASDAQ:NVVE) Sees Significant Growth in Short Interest

Nuvve Holding Corp. (NASDAQ:NVVE) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 95,800 shares, a growth of 20.2% from the February 13th total of 79,700 shares. Based on an average trading volume of 1,290,000 shares, the short-interest ratio is currently 0.1 days. Currently, 9.3% of the company’s shares are sold short.

Nuvve Trading Down 1.4 %

Shares of NASDAQ:NVVE traded down $0.02 during mid-day trading on Wednesday, reaching $1.38. The stock had a trading volume of 90,210 shares, compared to its average volume of 614,669. The firm has a market cap of $1.78 million, a PE ratio of -0.01 and a beta of 1.83. The firm has a 50 day simple moving average of $2.55 and a two-hundred day simple moving average of $3.48. Nuvve has a twelve month low of $1.34 and a twelve month high of $17.30.

Institutional Trading of Nuvve

An institutional investor recently bought a new position in Nuvve stock. Partners Group Holding AG bought a new position in shares of Nuvve Holding Corp. (NASDAQ:NVVE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 6,316,290 shares of the company’s stock, valued at approximately $33,666,000. Nuvve accounts for approximately 2.3% of Partners Group Holding AG’s holdings, making the stock its 21st largest position. Partners Group Holding AG owned approximately 971.74% of Nuvve as of its most recent filing with the SEC. 19.01% of the stock is currently owned by hedge funds and other institutional investors.

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.