Nuvve Holding Corp. (NASDAQ:NVVE – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 141,996 shares, a decrease of 68.2% from the June 30th total of 446,370 shares. Based on an average daily volume of 6,527,059 shares, the short-interest ratio is presently 0.0 days. Approximately 27.5% of the company’s shares are short sold.
Analysts Set New Price Targets
A number of equities analysts have weighed in on NVVE shares. Wall Street Zen upgraded shares of Nuvve from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Nuvve in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Nuvve currently has an average rating of “Sell”.
Check Out Our Latest Research Report on Nuvve
Nuvve Stock Down 25.7%
Nuvve (NASDAQ:NVVE – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The company reported ($28.96) earnings per share (EPS) for the quarter, beating the consensus estimate of ($34,560.00) by $34,531.04. The firm had revenue of $1.39 million during the quarter, compared to analyst estimates of $1.90 million.
Institutional Investors Weigh In On Nuvve
An institutional investor recently bought a new stake in Nuvve stock. Citadel Advisors LLC purchased a new position in shares of Nuvve Holding Corp. (NASDAQ:NVVE – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 121,849 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.60% of Nuvve at the end of the most recent reporting period. Institutional investors own 19.01% of the company’s stock.
More Nuvve News
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.
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.
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