Nuvve Holding Corp. (NASDAQ:NVVE – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 915,200 shares, a drop of 17.5% from the August 15th total of 1,110,000 shares. Based on an average trading volume of 920,500 shares, the days-to-cover ratio is presently 1.0 days. Currently, 20.9% of the company’s stock are short sold.
Analyst Ratings Changes
Separately, Chardan Capital reiterated a “buy” rating and issued a $2.50 price target on shares of Nuvve in a research note on Friday, August 11th.
Institutional Trading of Nuvve
Nuvve Price Performance
Shares of Nuvve stock opened at $0.45 on Friday. The company has a 50-day moving average of $0.55 and a 200 day moving average of $0.58. The firm has a market cap of $14.49 million, a price-to-earnings ratio of -0.34 and a beta of 1.82. Nuvve has a 1 year low of $0.37 and a 1 year high of $2.64.
Nuvve (NASDAQ:NVVE – Get Free Report) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $2.12 million during the quarter. Nuvve had a negative return on equity of 152.40% and a negative net margin of 561.21%.
Nuvve Holding Corp., a green energy technology company, develops and commercializes vehicle-to-grid (V2G) technology in the United States, the United Kingdom, and Denmark. The company offers fleet and electric bus charging solutions, and V1G and V2G charging stations based on Grid Integrated Vehicle, a V2G technology platform that enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services.
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