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

Nuvve Holding Corp. (NASDAQ:NVVE) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 141,996 shares, a decline of 68.2% from the June 30th total of 446,370 shares. Based on an average trading volume of 6,527,059 shares, the days-to-cover ratio is presently 0.0 days. Currently, 27.5% of the shares of the stock are sold short.

Nuvve Stock Performance

Shares of NASDAQ NVVE opened at $2.40 on Friday. The firm has a market cap of $1.26 million, a P/E ratio of -0.00 and a beta of 1.49. Nuvve has a 1 year low of $2.20 and a 1 year high of $564.91. The firm’s 50 day moving average price is $7.14 and its 200 day moving average price is $17.44.

Nuvve (NASDAQ:NVVE) last issued its quarterly earnings results on Wednesday, July 15th. The company reported ($28.96) earnings per share for the quarter, beating the consensus estimate of ($34,560.00) by $34,531.04. The business had revenue of $1.39 million during the quarter, compared to analyst estimates of $1.90 million.

Hedge Funds Weigh In On Nuvve

A hedge fund recently bought a new position in Nuvve stock. Citadel Advisors LLC purchased a new position in Nuvve Holding Corp. (NASDAQ:NVVE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 121,849 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned about 0.60% of Nuvve at the end of the most recent quarter. Hedge funds and other institutional investors own 19.01% of the company’s stock.

Nuvve News Summary

Here are the key news stories impacting Nuvve this week:

• Negative Sentiment: Nuvve received a Nasdaq delisting determination and is moving to OTC trading, a significant blow to the company’s listing status and likely a major reason the stock is under pressure. Nuvve Holding faces Nasdaq delisting, moves to OTC
• Negative Sentiment: The stock was halted multiple times for LULD pauses on July 23, indicating sharp intraday volatility and investor uncertainty.
• Neutral Sentiment: Short interest fell 68.2% to 141,996 shares as of July 15, but this metric is less likely to be the main driver today versus the delisting news.
• Neutral Sentiment: A later short-interest update reported 0 shares outstanding, suggesting inconsistent or delayed data rather than a clear fundamental change.

Analyst Ratings Changes

A number of analysts recently commented on NVVE shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nuvve in a research note on Friday, July 17th. Wall Street Zen raised shares of Nuvve from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Nuvve

Nuvve Corporation is a clean energy technology company specializing in vehicle-to-grid (V2G) solutions that enable electric vehicles to serve as distributed energy resources. Through its proprietary Grid Integrated Vehicle (GIVe) software platform, Nuvve aggregates electric vehicle batteries into a virtual power plant to provide grid services such as frequency regulation, peak shaving and demand response. The company’s technology supports bidirectional charging hardware and integrates with public charging networks, fleet vehicles and stationary energy storage systems.

Founded in 2010 and headquartered in Newark, California, Nuvve began as the Nevada Electric Vehicle Accelerator before rebranding to reflect its expanded global mission.