Zenvia Inc. (NASDAQ:ZENV) Short Interest Down 50.0% in August

Key Points

• Zenvia Inc. experienced a significant 50% decrease in short interest in August, with a total of 27,400 shares sold short as of August 31st.
• Institutional investors own 49.25% of Zenvia’s stock, with notable increases from Baader Bank and Goldman Sachs in the first quarter.
• Despite a revenue of $50.43 million reported in the latest earnings, Zenvia missed consensus estimates, leading to an earnings per share of (0.14), below the expected (0.13).

Zenvia Inc. (NASDAQ:ZENV - Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 27,400 shares, a decline of 50.0% from the August 15th total of 54,800 shares. Currently, 0.3% of the company's stock are sold short. Based on an average daily trading volume, of 51,300 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 51,300 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company's stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ZENV. Baader Bank Aktiengesellschaft boosted its position in 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 buying an additional 292,438 shares in the last quarter. Goldman Sachs Group Inc. increased its position 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 worth $139,000 after acquiring an additional 33,556 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Zenvia during the first quarter worth about $88,000. 49.25% of the stock is owned by institutional investors.

Zenvia Stock Performance

ZENV opened at $1.26 on Friday. The business has a 50 day moving average price of $1.53 and a two-hundred day moving average price of $1.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.44 and a quick ratio of 0.44. Zenvia has a 1-year low of $1.02 and a 1-year high of $3.03. The company has a market capitalization of $65.18 million, a price-to-earnings ratio of -3.14 and a beta of 1.79.

Zenvia (NASDAQ:ZENV - Get Free Report) last released its earnings results on Wednesday, September 10th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). Zenvia had a negative net margin of 10.62% and a negative return on equity of 14.01%. The company had revenue of $50.43 million during the quarter, compared to the consensus estimate of $213.34 million. Research analysts predict that Zenvia will post -0.09 EPS for the current fiscal 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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