Energy Vault Holdings, Inc. (NYSE:NRGV) Short Interest Update

Energy Vault Holdings, Inc. (NYSE:NRGV) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 16,346,983 shares, an increase of 47.6% from the February 12th total of 11,077,437 shares. Currently, 12.1% of the shares of the company are sold short. Based on an average daily volume of 3,322,609 shares, the days-to-cover ratio is presently 4.9 days. Based on an average daily volume of 3,322,609 shares, the days-to-cover ratio is presently 4.9 days. Currently, 12.1% of the shares of the company are sold short.

Energy Vault Price Performance

Shares of NYSE NRGV traded up $0.09 during mid-day trading on Friday, hitting $3.31. 3,730,839 shares of the stock were exchanged, compared to its average volume of 3,017,866. Energy Vault has a twelve month low of $0.60 and a twelve month high of $6.35. The stock’s fifty day simple moving average is $4.28 and its two-hundred day simple moving average is $3.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63. The company has a market cap of $554.55 million, a P/E ratio of -3.48 and a beta of 0.98.

Insiders Place Their Bets

In other Energy Vault news, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of Energy Vault stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $5.65, for a total transaction of $16,950,000.00. Following the sale, the insider owned 15,535,631 shares in the company, valued at $87,776,315.15. The trade was a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Thomas Beer sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total transaction of $245,500.00. Following the transaction, the chief financial officer directly owned 1,150,522 shares of the company’s stock, valued at $5,649,063.02. The trade was a 4.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired 16,950 shares of company stock worth $55,062 in the last quarter. Corporate insiders own 19.80% of the company’s stock.

Hedge Funds Weigh In On Energy Vault

Several institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased its stake in shares of Energy Vault by 141.2% in the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after buying an additional 3,430,094 shares in the last quarter. State Street Corp lifted its position in Energy Vault by 1,004.0% during the 4th quarter. State Street Corp now owns 5,697,735 shares of the company’s stock worth $26,267,000 after buying an additional 5,181,624 shares in the last quarter. Legal & General Group Plc acquired a new position in Energy Vault during the 4th quarter worth about $18,217,000. Marshall Wace LLP grew its holdings in Energy Vault by 132.7% during the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock worth $14,725,000 after acquiring an additional 1,821,462 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in Energy Vault in the 4th quarter valued at about $11,454,000. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NRGV. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a report on Friday, January 9th. Fundamental Research set a $5.19 target price on Energy Vault and gave the stock a “buy” rating in a report on Tuesday, November 18th. Finally, Zacks Research downgraded Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Energy Vault currently has a consensus rating of “Hold” and a consensus target price of $2.67.

About Energy Vault

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company’s flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.