Nvni Group Limited (NASDAQ:NVNI) Sees Significant Growth in Short Interest

Nvni Group Limited (NASDAQ:NVNI) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 440,700 shares, a growth of 198.4% from the February 13th total of 147,700 shares. Based on an average trading volume of 14,470,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.3% of the shares of the company are short sold.

Institutional Trading of Nvni Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Nvni Group by 25.4% during the fourth quarter. Geode Capital Management LLC now owns 15,365 shares of the company’s stock worth $38,000 after purchasing an additional 3,113 shares in the last quarter. Heights Capital Management Inc. purchased a new position in shares of Nvni Group during the 4th quarter worth approximately $1,288,000. Two Sigma Securities LLC acquired a new stake in shares of Nvni Group in the 4th quarter valued at approximately $32,000. Jane Street Group LLC purchased a new stake in shares of Nvni Group in the fourth quarter valued at approximately $190,000. Finally, Anson Funds Management LP acquired a new position in Nvni Group during the fourth quarter worth $1,288,000. Hedge funds and other institutional investors own 0.49% of the company’s stock.

Nvni Group Price Performance

Shares of Nvni Group stock traded up $0.00 during trading hours on Thursday, hitting $0.25. 4,245,073 shares of the company were exchanged, compared to its average volume of 17,304,867. The business has a 50-day moving average of $2.66 and a 200-day moving average of $1.75. Nvni Group has a 1 year low of $0.22 and a 1 year high of $12.19.

Nvni Group Company Profile

Nvni Group Limited provides a business to business SaaS platform that offers cloud solutions. The company was incorporated in 2019 and is based in São Paulo, Brazil.