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Short Interest in Zenvia Inc. (NASDAQ:ZENV) Drops By 13.1%

Defense World ·  10/29/2022 16:21

Zenvia Inc. (NASDAQ:ZENV – Get Rating) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 135,300 shares, a decline of 13.1% from the September 30th total of 155,700 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 128,800 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Ratings Changes

Several equities analysts have recently commented on ZENV shares. Itau BBA Securities downgraded shares of Zenvia from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $11.00 to $1.80 in a report on Wednesday, September 21st. The Goldman Sachs Group lowered their target price on shares of Zenvia from $3.40 to $2.90 and set a "neutral" rating on the stock in a report on Tuesday, September 6th. Itaú Unibanco downgraded shares of Zenvia to a "market perform" rating and lowered their target price for the stock from $11.00 to $1.80 in a report on Wednesday, September 21st. Finally, Morgan Stanley cut shares of Zenvia from an "overweight" rating to an "equal weight" rating and set a $4.00 price target on the stock. in a research report on Friday, July 8th.

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Zenvia Trading Up 1.2 %

Shares of ZENV opened at $1.69 on Friday. The company's fifty day moving average is $1.80 and its 200 day moving average is $3.00. Zenvia has a fifty-two week low of $1.38 and a fifty-two week high of $11.76. The stock has a market capitalization of $69.48 million, a PE ratio of -4.22 and a beta of 1.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.74 and a current ratio of 0.74.

Zenvia (NASDAQ:ZENV – Get Rating) last announced its quarterly earnings results on Monday, August 15th. The company reported ($0.13) earnings per share for the quarter. Zenvia had a negative return on equity of 6.41% and a negative net margin of 9.92%. The business had revenue of $41.56 million during the quarter, compared to the consensus estimate of $43.25 million. Sell-side analysts expect that Zenvia will post -0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in shares of Zenvia by 80.3% in the second quarter. Renaissance Technologies LLC now owns 28,300 shares of the company's stock worth $60,000 after purchasing an additional 12,600 shares during the last quarter. Prelude Capital Management LLC acquired a new position in shares of Zenvia during the first quarter valued at about $91,000. Banco BTG Pactual S.A. acquired a new position in shares of Zenvia during the first quarter valued at about $94,000. Mackenzie Financial Corp increased its holdings in shares of Zenvia by 35.3% during the first quarter. Mackenzie Financial Corp now owns 24,617 shares of the company's stock valued at $150,000 after acquiring an additional 6,417 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of Zenvia during the second quarter valued at about $190,000. Institutional investors own 16.44% of the company's stock.

Zenvia Company Profile

(Get Rating)

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.

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