Nvni Group Limited (NASDAQ:NVNI) Short Interest Down 33.5% in August

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) saw a large drop in short interest in August. As of August 15th, there was short interest totaling 3,830,000 shares, adropof33.5% from the July 31st total of 5,760,000 shares. Approximately27.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,600,000 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 6,600,000 shares, the short-interest ratio is presently 0.6 days. Approximately27.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Nvni Group during the second quarter valued at $40,000. Soltis Investment Advisors LLC lifted 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 valued at $51,000 after purchasing an additional 57,332 shares in the last quarter. Finally, Drive Wealth Management LLC bought a new position in shares of Nvni Group during the first quarter valued at $90,000. 0.49% of the stock is owned by institutional investors.

Nvni Group Trading Up 1.3%

Nvni Group stock traded up $0.01 during mid-day trading on Friday, hitting $0.55. The company had a trading volume of 1,096,342 shares, compared to its average volume of 2,984,794. The stock's 50 day moving average price is $0.50 and its two-hundred day moving average price is $0.45. Nvni Group has a 12 month low of $0.14 and a 12 month high of $12.19.

Analyst Ratings Changes

Separately, Wall Street Zen raised Nvni Group to a "hold" rating in a research note 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.

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