Short Interest in Nvni Group Limited (NASDAQ:NVNI) Increases By 737.4%

Nvni Group Limited (NASDAQ:NVNI) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 143,200 shares, a growth of 737.4% from the December 31st total of 17,100 shares. Based on an average daily volume of 1,930,000 shares, the short-interest ratio is currently 0.1 days. Approximately 1.8% of the company’s shares are sold short.

Nvni Group Price Performance

Shares of NVNI traded up $0.89 during mid-day trading on Tuesday, reaching $5.22. 9,852,649 shares of the company were exchanged, compared to its average volume of 25,162,406. The business has a 50 day simple moving average of $2.09 and a two-hundred day simple moving average of $1.43. Nvni Group has a 52 week low of $0.33 and a 52 week high of $12.19.

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.