Nano Nuclear Energy Inc. (NASDAQ:NNE) Sees Significant Decrease in Short Interest

Nano Nuclear Energy Inc. (NASDAQ:NNE) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 764,800 shares, a decrease of 29.2% from the August 15th total of 1,080,000 shares. Currently, 4.5% of the shares of the company are sold short. Based on an average daily trading volume, of 2,350,000 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “buy” rating and set a $39.00 price objective on shares of Nano Nuclear Energy in a research note on Monday, July 15th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,665 shares of the company’s stock, valued at approximately $250,000.

Nano Nuclear Energy Price Performance

NNE traded down $1.08 during trading on Monday, reaching $14.15. 3,737,074 shares of the company were exchanged, compared to its average volume of 2,088,208. Nano Nuclear Energy has a 52 week low of $3.25 and a 52 week high of $37.51. The business’s 50 day moving average price is $13.15.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc is an emerging, advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified and vertically integrated company across business lines cutting edge portable microreactor technology, nuclear fuel fabrication, nuclear fuel transportation and nuclear industry consulting services.