Zenvia Inc. (NASDAQ:ZENV) Sees Significant Drop in Short Interest

Key Points

• Zenvia Inc. (NASDAQ:ZENV) experienced a 29.6% decrease in short interest in July, dropping to 66,900 shares from 95,000 shares.
• Institutional investors hold approximately 49.25% of Zenvia's shares, with significant purchases made by firms like Baader Bank Aktiengesellschaft and Goldman Sachs Group Inc.
• The company reported a profit of $0.01 EPS for the last quarter, surpassing estimates, although it also had a negative return on equity of 10.81% and a revenue of $50.47 million compared to expectations of $213.34 million.

Zenvia Inc. (NASDAQ:ZENV - Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 66,900 shares, adeclineof29.6% from the July 15th total of 95,000 shares. Based on an average trading volume of 65,900 shares, the short-interest ratio is presently 1.0 days. Approximately0.6% of the company's shares are short sold. Approximately0.6% of the company's shares are short sold. Based on an average trading volume of 65,900 shares, the short-interest ratio is presently 1.0 days.

Zenvia Stock Down 0.6%

NASDAQ:ZENV traded down $0.01 during mid-day trading on Friday, reaching $1.54. The stock had a trading volume of 53,188 shares, compared to its average volume of 32,884. Zenvia has a 1-year low of $1.02 and a 1-year high of $3.03. The company has a market capitalization of $79.99 million, a price-to-earnings ratio of -4.81 and a beta of 1.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.44 and a quick ratio of 0.44. The stock's 50 day simple moving average is $1.54 and its two-hundred day simple moving average is $1.60.

Zenvia (NASDAQ:ZENV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.14. Zenvia had a negative net margin of 8.64% and a negative return on equity of 10.81%. The business had revenue of $50.47 million during the quarter, compared to analysts' expectations of $213.34 million. Equities analysts anticipate that Zenvia will post -0.09 EPS for the current year.

Institutional Investors Weigh In On Zenvia

Several hedge funds and other institutional investors have recently modified their holdings of ZENV. Goldman Sachs Group Inc. lifted its stake in shares of Zenvia by 104.6% during the first quarter. Goldman Sachs Group Inc. now owns 65,644 shares of the company's stock valued at $139,000 after acquiring an additional 33,556 shares during the period. Baader Bank Aktiengesellschaft increased its position in shares of Zenvia by 214.9% in the first quarter. Baader Bank Aktiengesellschaft now owns 428,540 shares of the company's stock valued at $904,000 after acquiring an additional 292,438 shares during the last quarter. XTX Topco Ltd bought a new position in Zenvia during the first quarter worth about $88,000. Two Sigma Securities LLC bought a new position in Zenvia during the fourth quarter worth about $61,000. Finally, NewEdge Advisors LLC acquired a new stake in Zenvia during the fourth quarter worth approximately $101,000. Institutional investors and hedge funds own 49.25% of the company's stock.

Zenvia Company Profile

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.