Short Interest in Zenvia Inc. (NASDAQ:ZENV) Increases By 62.7%

Key Points

• Short interest in Zenvia Inc. (NASDAQ:ZENV) increased by 62.7% in September, rising from 39,400 shares to 64,100 shares.
• Zenvia received a "sell (d-)" rating from Weiss Ratings, and currently has a consensus rating of "Sell" among analysts.
• Institutional investors own 49.25% of Zenvia's stock, with Goldman Sachs and Baader Bank significantly increasing their holdings in the first quarter.

Zenvia Inc. (NASDAQ:ZENV - Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 64,100 shares, a growth of 62.7% from the September 15th total of 39,400 shares. Based on an average trading volume of 58,800 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the company's shares are short sold. Approximately 0.6% of the company's shares are short sold. Based on an average trading volume of 58,800 shares, the days-to-cover ratio is presently 1.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Zenvia in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Zenvia presently has a consensus rating of "Sell".

Institutional Trading of Zenvia

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its holdings in Zenvia by 104.6% during the first quarter. Goldman Sachs Group Inc. now owns 65,644 shares of the company's stock worth $139,000 after acquiring an additional 33,556 shares in the last quarter. Baader Bank Aktiengesellschaft raised its holdings in Zenvia by 214.9% during the first quarter. Baader Bank Aktiengesellschaft now owns 428,540 shares of the company's stock worth $904,000 after acquiring an additional 292,438 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Zenvia during the first quarter worth about $88,000. Institutional investors own 49.25% of the company's stock.

Zenvia Stock Performance

Shares of Zenvia stock opened at $1.34 on Wednesday. The firm has a market cap of $69.34 million, a price-to-earnings ratio of -3.34 and a beta of 1.74. The stock's 50-day moving average is $1.44 and its 200-day moving average is $1.46. Zenvia has a one year low of $1.02 and a one year high of $3.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.38 and a quick ratio of 0.38.

Zenvia (NASDAQ:ZENV - Get Free Report) last issued its quarterly earnings results on Wednesday, September 10th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). Zenvia had a negative net margin of 10.62% and a negative return on equity of 14.36%. The firm had revenue of $50.43 million during the quarter, compared to the consensus estimate of $213.34 million. Equities analysts predict that Zenvia will post -0.09 earnings per share for the current fiscal year.

About Zenvia

Zenvia Inc provides customer experience communications platform which empowers businesses to create unique journeys for their end-customers along their life cycle across range of B2C verticals. Zenvia Inc is based in S?O PAULO.

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