Janover (NASDAQ:JNVR) Shares Down 3.8% – Here’s What Happened

Janover Inc. (NASDAQ:JNVR) dropped 3.8% during trading on Thursday . The stock traded as low as $0.47 and last traded at $0.47. Approximately 35,351 shares traded hands during trading, a decline of 85% from the average daily volume of 231,663 shares. The stock had previously closed at $0.49.

Janover Stock Down 3.8 %

The stock has a market cap of $5.36 million, a price-to-earnings ratio of -1.48 and a beta of 2.53. The company has a 50 day simple moving average of $0.57 and a 200 day simple moving average of $0.71.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Janover stock. Perritt Capital Management Inc. bought a new position in shares of Janover Inc. (NASDAQ:JNVR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 38,901 shares of the company’s stock, valued at approximately $47,000. Perritt Capital Management Inc. owned approximately 0.35% of Janover at the end of the most recent quarter. Institutional investors own 0.48% of the company’s stock.

Janover Company Profile

Janover Inc engages in the provision of commercial property financing solutions. It operates an online platform that connects commercial mortgage borrowers, including owners, operators, and developers of commercial real estate and small business borrowers, looking for capital to refinance, build, or purchase commercial properties, including apartment buildings with commercial property lenders, such as banks, credit unions, REITs, debt funds, multifamily lenders, and others looking to deploy capital into commercial mortgages.