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

Nuvve Holding Corp. (NASDAQ:NVVE) saw 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. Currently, 7.7% of the company’s stock are short sold. Based on an average daily volume of 302,500 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Nuvve

A hedge fund recently bought a new stake in Nuvve stock. Partners Group Holding AG bought a new stake in Nuvve Holding Corp. (NASDAQ:NVVE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,316,290 shares of the company’s stock, valued at approximately $33,666,000. Nuvve accounts for about 2.3% of Partners Group Holding AG’s investment portfolio, making the stock its 21st biggest holding. Partners Group Holding AG owned 971.74% of Nuvve as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 19.01% of the company’s stock.

Nuvve Stock Performance

Shares of NVVE stock traded down $0.52 during trading hours on Monday, reaching $2.18. The company had a trading volume of 1,156,369 shares, compared to its average volume of 2,030,107. The company has a market capitalization of $2.82 million, a P/E ratio of -0.02 and a beta of 1.88. Nuvve has a twelve month low of $2.11 and a twelve month high of $17.30. The stock’s fifty day simple moving average is $2.93 and its 200 day simple moving average is $3.73.

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.