Nuvei Co. (NASDAQ:NVEI – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 2,550,000 shares, a drop of 24.6% from the August 15th total of 3,380,000 shares. Currently, 3.9% of the company’s shares are sold short. Based on an average trading volume of 677,900 shares, the days-to-cover ratio is currently 3.8 days.
Institutional Trading of Nuvei
Several large investors have recently modified their holdings of NVEI. Headlands Technologies LLC bought a new position in shares of Nuvei in the 2nd quarter worth approximately $28,000. Longfellow Investment Management Co. LLC bought a new position in Nuvei in the 2nd quarter worth $36,000. Covestor Ltd bought a new stake in Nuvei during the first quarter valued at about $58,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Nuvei by 35.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,944 shares of the company’s stock worth $191,000 after buying an additional 2,095 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Nuvei during the 1st quarter valued at approximately $207,000. Institutional investors own 42.45% of the company’s stock.
Nuvei Price Performance
Shares of NASDAQ NVEI opened at $33.25 on Friday. The stock has a market capitalization of $4.71 billion, a P/E ratio of -832.25, a P/E/G ratio of 1.74 and a beta of 2.53. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $33.01 and its 200 day moving average is $31.49. Nuvei has a 1 year low of $13.32 and a 1 year high of $33.78.
Nuvei Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.20%. Nuvei’s payout ratio is -1,000.00%.
Nuvei Company Profile
Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method.
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