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

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

Nuvve Trading Down 1.4 %

NASDAQ:NVVE traded down $0.02 during trading hours on Wednesday, hitting $1.38. 90,210 shares of the company traded hands, compared to its average volume of 614,669. The stock has a market capitalization of $1.78 million, a price-to-earnings ratio of -0.01 and a beta of 1.83. Nuvve has a twelve month low of $1.34 and a twelve month high of $17.30. The firm has a 50-day moving average of $2.55 and a 200 day moving average of $3.48.

Hedge Funds Weigh In On Nuvve

An institutional investor recently bought a new position in Nuvve stock. Partners Group Holding AG acquired a new stake in Nuvve Holding Corp. (NASDAQ:NVVE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,316,290 shares of the company’s stock, valued at approximately $33,666,000. Nuvve makes up approximately 2.3% of Partners Group Holding AG’s holdings, making the stock its 21st biggest position. Partners Group Holding AG owned 971.74% of Nuvve as of its most recent filing with the SEC. 19.01% of the stock is currently owned by 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.