Nvni Group Limited (NASDAQ:NVNI) Short Interest Update

Key Points

• Nvni Group Limited experienced a significant drop in short interest of 33.5% in August, decreasing to 3,830,000 shares.
• Institutional investors have begun to alter their holdings, with Jane Street Group and Soltis Investment Advisors both making notable investments in the company this past quarter.
• The stock is currently trading at $0.55, reflecting a 1.3% increase, and has a 12-month trading range of $0.14 to $12.19.

Nvni Group Limited (NASDAQ:NVNI - Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 3,830,000 shares, a decrease of 33.5% from the July 31st total of 5,760,000 shares. Based on an average daily trading volume, of 6,600,000 shares, the short-interest ratio is presently 0.6 days. Approximately 27.0% of the company's shares are short sold. Approximately 27.0% of the company's shares are short sold. Based on an average daily trading volume, of 6,600,000 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

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

Nvni Group Trading Up 8.4%

NVNI traded up $0.05 during mid-day trading on Friday, hitting $0.64. The stock had a trading volume of 3,072,731 shares, compared to its average volume of 15,720,268. The stock's fifty day simple moving average is $0.52 and its 200-day simple moving average is $0.42. Nvni Group has a 1-year low of $0.14 and a 1-year high of $12.19.

Institutional Investors Weigh In On Nvni Group

Several hedge funds have recently bought and sold shares of NVNI. Drive Wealth Management LLC acquired a new stake in shares of Nvni Group during the first quarter worth $90,000. Jane Street Group LLC acquired a new stake in shares of Nvni Group during the second quarter worth $40,000. Finally, Soltis Investment Advisors LLC raised its holdings 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 worth $51,000 after acquiring an additional 57,332 shares during the period. 0.49% of the stock is currently owned by institutional investors and hedge funds.

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.