Zenvia Inc. (NASDAQ:ZENV) Short Interest Down 71.9% in October

Zenvia Inc. (NASDAQ:ZENV) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 7,700 shares, a decline of 71.9% from the October 15th total of 27,400 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 25,600 shares, the short-interest ratio is presently 0.3 days.

Zenvia Stock Performance

Zenvia stock opened at $1.19 on Wednesday. The firm has a 50 day simple moving average of $1.44 and a 200-day simple moving average of $2.02. The stock has a market cap of $49.84 million, a price-to-earnings ratio of -2.54 and a beta of 2.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.49 and a quick ratio of 0.49. Zenvia has a 1-year low of $0.80 and a 1-year high of $3.88.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Zenvia stock. Virtu Financial LLC bought a new stake in Zenvia Inc. (NASDAQ:ZENV) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 15,338 shares of the company’s stock, valued at approximately $41,000. 49.25% of the stock is owned by hedge funds and other institutional investors.

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.