Nvni Group Limited (NASDAQ:NVNI) Short Interest Down 25.1% in August

Key Points

• Nvni Group Limited experienced a significant drop in short interest for August, falling by 25.1% to 2,870,000 shares, which represents approximately 20.2% of its outstanding shares.
• The stock price rose to $0.81, with a trading volume of over 14.5 million shares, compared to its average volume of 15,553,802.
• Institutional investors have been active, with Soltis Investment Advisors increasing its holdings by 49.3% during the second quarter, and Jane Street Group acquiring a new stake valued at around $190,000.

Nvni Group Limited (NASDAQ:NVNI - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,870,000 shares, a decline of 25.1% from the August 15th total of 3,830,000 shares. Based on an average trading volume of 6,490,000 shares, the short-interest ratio is presently 0.4 days. Currently, 20.2% of the company's shares are sold short. Currently, 20.2% of the company's shares are sold short. Based on an average trading volume of 6,490,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Soltis Investment Advisors LLC lifted its position in shares of Nvni Group by 49.3% during the second quarter. Soltis Investment Advisors LLC now owns 173,665 shares of the company's stock valued at $51,000 after purchasing an additional 57,332 shares in the last quarter. Jane Street Group LLC bought a new stake in Nvni Group in the fourth quarter worth about $190,000. Finally, Drive Wealth Management LLC bought a new stake in Nvni Group in the first quarter worth about $90,000. 0.49% of the stock is currently owned by institutional investors and hedge funds.

Nvni Group Stock Performance

Shares of NASDAQ NVNI remained flat at $0.90 during trading hours on Friday. 5,138,977 shares of the company traded hands, compared to its average volume of 4,151,855. The firm has a fifty day moving average of $0.57 and a two-hundred day moving average of $0.39. Nvni Group has a twelve month low of $0.14 and a twelve month high of $12.19.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Nvni Group to a "hold" rating in a report on Saturday, August 2nd.

About Nvni Group

Nvni Group Limited provides a business to business SaaS platform that offers cloud solutions. The company was incorporated in 2019 and is based in São Paulo, Brazil.