Short Interest in Nano Nuclear Energy Inc. (NASDAQ:NNE) Declines By 35.5%

Nano Nuclear Energy Inc. (NASDAQ:NNE) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 1,820,000 shares, a decline of 35.5% from the October 31st total of 2,820,000 shares. Based on an average daily volume of 4,710,000 shares, the short-interest ratio is currently 0.4 days. Currently, 9.1% of the company’s stock are sold short.

Nano Nuclear Energy Trading Up 2.9 %

NASDAQ NNE traded up $0.75 during trading on Thursday, hitting $26.77. The stock had a trading volume of 4,198,389 shares, compared to its average volume of 3,311,204. The company’s 50-day moving average price is $19.88 and its two-hundred day moving average price is $14.98. Nano Nuclear Energy has a 12 month low of $3.25 and a 12 month high of $37.51.

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors have recently bought and sold shares of the company. Citizens Financial Group Inc. RI acquired a new position in shares of Nano Nuclear Energy during the 2nd quarter worth approximately $2,016,000. Commonwealth Equity Services LLC acquired a new position in shares of Nano Nuclear Energy during the 2nd quarter worth approximately $250,000. Barclays PLC acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $76,000. Geode Capital Management LLC acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $954,000. Finally, State Street Corp acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $718,000.

Analyst Ratings Changes

Several research firms have recently weighed in on NNE. Benchmark lifted their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th. HC Wainwright reiterated a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.