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) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,870,000 shares, a decrease of 25.1% from the August 15th total of 3,830,000 shares. Currently, 20.2% of the shares of the stock are sold short. Based on an average trading volume of 6,490,000 shares, the short-interest ratio is presently 0.4 days. 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 shares of the stock are sold short.

Nvni Group Stock Performance

Shares of NVNI stock remained flat at $0.90 on Friday. 5,138,977 shares of the stock were exchanged, compared to its average volume of 4,299,341. The firm has a 50 day simple moving average of $0.57 and a 200-day simple moving average of $0.40. Nvni Group has a 52-week low of $0.14 and a 52-week high of $12.19.

Analysts Set New Price Targets

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

Institutional Trading of Nvni Group

Large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Nvni Group during the 4th quarter valued at $190,000. Drive Wealth Management LLC purchased a new position in shares of Nvni Group during the first quarter worth about $90,000. Finally, Soltis Investment Advisors LLC boosted its stake in Nvni Group by 49.3% in the second quarter. Soltis Investment Advisors LLC now owns 173,665 shares of the company's stock worth $51,000 after buying an additional 57,332 shares in the last quarter. Institutional investors and hedge funds own 0.49% of the company's stock.

Nvni Group Company Profile

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.