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Short Interest in Zenvia Inc. (NASDAQ:ZENV) Declines By 15.1%

Defense World ·  Jan 28, 2023 01:28

Zenvia Inc. (NASDAQ:ZENV – Get Rating) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 40,600 shares, a decrease of 15.1% from the December 31st total of 47,800 shares. Based on an average daily trading volume, of 37,400 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in shares of Zenvia by 80.3% in the 2nd quarter. Renaissance Technologies LLC now owns 28,300 shares of the company's stock worth $60,000 after acquiring an additional 12,600 shares during the last quarter. Prelude Capital Management LLC purchased a new position in shares of Zenvia during the 1st quarter worth $91,000. Mackenzie Financial Corp grew its holdings in shares of Zenvia by 35.3% during the 1st quarter. Mackenzie Financial Corp now owns 24,617 shares of the company's stock worth $150,000 after purchasing an additional 6,417 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in shares of Zenvia during the 2nd quarter worth $190,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Zenvia during the 2nd quarter worth $464,000. 35.72% of the stock is owned by institutional investors and hedge funds.

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Zenvia Stock Performance

Shares of ZENV stock opened at $1.12 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $46.05 million, a price-to-earnings ratio of -4.48 and a beta of 1.61. The stock has a 50 day simple moving average of $1.31 and a 200-day simple moving average of $1.70. Zenvia has a 1-year low of $0.99 and a 1-year high of $7.78.

Zenvia (NASDAQ:ZENV – Get Rating) last posted its quarterly earnings data on Wednesday, November 16th. The company reported ($0.13) EPS for the quarter. Zenvia had a negative net margin of 5.59% and a negative return on equity of 3.71%. The firm had revenue of $34.43 million during the quarter, compared to analyst estimates of $48.65 million. On average, equities research analysts expect that Zenvia will post -0.42 EPS for the current fiscal year.

Zenvia Company Profile

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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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