Short Interest in Nvni Group Limited (NASDAQ:NVNI) Grows By 91.2%

Nvni Group Limited (NASDAQ:NVNI) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 842,700 shares, a growth of 91.2% from the February 28th total of 440,700 shares. Currently, 6.4% of the company’s stock are sold short. Based on an average trading volume of 16,560,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Nvni Group

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

Nvni Group Price Performance

NVNI traded down $0.00 during trading on Friday, reaching $0.21. 11,654,528 shares of the stock were exchanged, compared to its average volume of 4,930,447. Nvni Group has a twelve month low of $0.17 and a twelve month high of $12.19. The stock’s 50 day moving average price is $2.22 and its two-hundred day moving average price is $1.66.

About Nvni Group

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.