Short Interest in Nuvve Holding Corp. (NASDAQ:NVVE) Rises By 74.4%

Nuvve Holding Corp. (NASDAQ:NVVE) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 79,700 shares, an increase of 74.4% from the January 31st total of 45,700 shares. Approximately 7.7% of the shares of the stock are short sold. Based on an average trading volume of 302,500 shares, the days-to-cover ratio is presently 0.3 days.

Nuvve Stock Performance

Shares of NVVE opened at $1.79 on Tuesday. Nuvve has a one year low of $1.92 and a one year high of $17.30. The stock has a market capitalization of $2.32 million, a price-to-earnings ratio of -0.02 and a beta of 1.88. The stock has a 50 day moving average price of $2.93 and a 200 day moving average price of $3.73.

Hedge Funds Weigh In On Nuvve

An institutional investor recently bought a new position in Nuvve stock. Partners Group Holding AG bought a new stake in Nuvve Holding Corp. (NASDAQ:NVVE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,316,290 shares of the company’s stock, valued at approximately $33,666,000. Nuvve accounts for 2.3% of Partners Group Holding AG’s investment portfolio, making the stock its 21st largest holding. Partners Group Holding AG owned about 971.74% of Nuvve at the end of the most recent quarter. 19.01% of the stock is currently owned by institutional investors and hedge funds.

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.