Short Interest in Zenvia Inc. (NASDAQ:ZENV) Declines By 50.0%

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 drop in short interest during the month of August. As of August 31st, there was short interest totaling 27,400 shares, a drop of 50.0% from the August 15th total of 54,800 shares. Based on an average trading volume of 51,300 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company's shares are sold short. Currently, 0.3% of the company's shares are sold short. Based on an average trading volume of 51,300 shares, the days-to-cover ratio is presently 0.5 days.

Zenvia Trading Up 3.8%

ZENV stock traded up $0.04 on Friday, hitting $1.22. 32,581 shares of the company were exchanged, compared to its average volume of 85,641. Zenvia has a twelve month low of $1.02 and a twelve month 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. The business's fifty day moving average is $1.50 and its two-hundred day moving average is $1.51. The stock has a market capitalization of $63.11 million, a price-to-earnings ratio of -3.04 and a beta of 1.79.

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 the consensus estimate of ($0.13) by ($0.01). Zenvia had a negative return on equity of 14.36% and a negative net margin of 10.62%.The company had revenue of $50.43 million for the quarter, compared to analyst estimates of $213.34 million. As a group, research analysts forecast that Zenvia will post -0.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZENV. Baader Bank Aktiengesellschaft lifted its position in Zenvia by 214.9% during 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. XTX Topco Ltd acquired a new stake in Zenvia in the first quarter valued at approximately $88,000. Finally, Goldman Sachs Group Inc. grew its position in Zenvia by 104.6% in 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 in the last quarter. Institutional investors and hedge funds own 49.25% of the company's stock.

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.