Zenvia Inc. (NASDAQ:ZENV) Sees Large 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) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 66,900 shares, adecreaseof29.6% from the July 15th total of 95,000 shares. Based on an average daily trading volume, of 65,900 shares, the days-to-cover 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 daily trading volume, of 65,900 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Zenvia

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new position in shares of Zenvia during the fourth quarter worth approximately $101,000. Two Sigma Securities LLC acquired a new position in shares of Zenvia during the fourth quarter worth approximately $61,000. XTX Topco Ltd acquired a new position in shares of Zenvia during the first quarter worth approximately $88,000. Baader Bank Aktiengesellschaft raised its position in shares of 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 purchasing an additional 292,438 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Zenvia by 104.6% in the 1st 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 in the last quarter. 49.25% of the stock is owned by institutional investors.

Zenvia Price Performance

Shares of ZENV opened at $1.4960 on Wednesday. Zenvia has a 52-week low of $1.02 and a 52-week high of $3.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.44 and a current ratio of 0.44. The business's 50 day moving average price is $1.54 and its two-hundred day moving average price is $1.62. The firm has a market cap of $77.70 million, a PE ratio of -4.67 and a beta of 1.78.

Zenvia (NASDAQ:ZENV - Get Free Report) last issued its quarterly earnings results 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 return on equity of 10.81% and a negative net margin of 8.64%.The firm had revenue of $50.47 million for the quarter, compared to analyst estimates of $213.34 million. On average, equities analysts anticipate that Zenvia will post -0.09 EPS for the current year.

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.

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