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

Nuvve Holding Corp. (NASDAQ:NVVE) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 51,700 shares, an increase of 138.2% from the March 15th total of 21,700 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 1,340,000 shares, the days-to-cover ratio is presently 0.0 days.

Nuvve Stock Performance

Shares of NASDAQ NVVE traded down $0.07 during mid-day trading on Thursday, hitting $0.95. 40,059 shares of the stock traded hands, compared to its average volume of 622,095. The stock has a fifty day moving average price of $1.77 and a 200-day moving average price of $2.92. The company has a market cap of $2.91 million, a price-to-earnings ratio of -0.01 and a beta of 1.96. Nuvve has a 52 week low of $0.82 and a 52 week high of $17.30.

Nuvve (NASDAQ:NVVE) last announced its earnings results on Monday, March 31st. The company reported ($5.75) EPS for the quarter, beating analysts’ consensus estimates of ($32.00) by $26.25. The firm had revenue of $1.79 million for the quarter, compared to analysts’ expectations of $8.09 million. Nuvve had a negative net margin of 389.87% and a negative return on equity of 1,604.08%.

About Nuvve

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.