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

Nano Nuclear Energy Inc. (NASDAQ:NNE) saw a significant 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. Based on an average daily volume of 2,350,000 shares, the short-interest ratio is presently 0.3 days. Approximately 4.5% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE traded down $1.08 during trading on Monday, reaching $14.15. 3,737,074 shares of the stock were exchanged, compared to its average volume of 2,088,208. Nano Nuclear Energy has a 12-month low of $3.25 and a 12-month high of $37.51. The company has a 50-day moving average price of $13.15.

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

Hedge Funds Weigh In On Nano Nuclear Energy

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

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.