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

Nuvve Holding Corp. (NASDAQ:NVVE) was the recipient of a large increase in short interest in 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 company’s stock are short sold. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is presently 0.1 days.

Nuvve Price Performance

Shares of NVVE traded down $0.09 during midday trading on Tuesday, hitting $1.40. The stock had a trading volume of 137,029 shares, compared to its average volume of 616,767. The firm has a market cap of $1.81 million, a price-to-earnings ratio of -0.01 and a beta of 1.83. The company 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 Investors 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) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,316,290 shares of the company’s stock, valued at approximately $33,666,000. Nuvve comprises 2.3% of Partners Group Holding AG’s portfolio, making the stock its 21st biggest position. Partners Group Holding AG owned approximately 971.74% of Nuvve as of its most recent SEC filing. 19.01% of the stock is owned by hedge funds and other institutional investors.

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.