Short Interest in Zenvia Inc. (NASDAQ:ZENV) Declines By 59.9%

Zenvia Inc. (NASDAQ:ZENV) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 11,800 shares, a drop of 59.9% from the August 31st total of 29,400 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 46,900 shares, the short-interest ratio is presently 0.3 days.

Zenvia Stock Performance

Shares of ZENV stock opened at $1.54 on Friday. The company has a market capitalization of $64.66 million, a price-to-earnings ratio of -5.32 and a beta of 2.06. Zenvia has a 1-year low of $0.80 and a 1-year high of $3.88. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $1.70 and its 200-day simple moving average is $2.21.

Zenvia (NASDAQ:ZENV) last issued its earnings results on Thursday, September 5th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $44.35 million during the quarter, compared to analyst estimates of $39.40 million. Zenvia had a negative net margin of 13.11% and a negative return on equity of 13.30%. During the same quarter in the prior year, the company earned ($0.07) EPS. On average, sell-side analysts predict that Zenvia will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zenvia

An institutional investor recently bought a new position in Zenvia stock. Virtu Financial LLC purchased a new stake in Zenvia Inc. (NASDAQ:ZENV) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,338 shares of the company’s stock, valued at approximately $41,000. 49.25% of the stock is currently owned by institutional investors.

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.