Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,820,000 shares, a drop of 35.5% from the October 31st total of 2,820,000 shares. Approximately 9.1% of the shares of the company are short sold. Based on an average daily volume of 4,710,000 shares, the short-interest ratio is currently 0.4 days.
Analyst Ratings Changes
Several research firms have commented on NNE. Benchmark upped their price target 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 restated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday.
Read Our Latest Stock Report on NNE
Nano Nuclear Energy Price Performance
Shares of Nano Nuclear Energy stock traded up $0.75 during trading on Thursday, hitting $26.77. 4,198,389 shares of the company's stock traded hands, compared to its average volume of 3,311,204. The firm's fifty day moving average price is $20.21 and its 200 day moving average price is $15.06. Nano Nuclear Energy has a twelve month low of $3.25 and a twelve month high of $37.51.
Institutional Investors Weigh In On Nano Nuclear Energy
A number of institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at $76,000. Commonwealth Equity Services LLC bought a new position in Nano Nuclear Energy during the 2nd quarter valued at about $250,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy in the third quarter valued at about $305,000. State Street Corp bought a new stake in Nano Nuclear Energy during the third quarter worth about $718,000. Finally, Virtu Financial LLC acquired a new stake in shares of Nano Nuclear Energy during the third quarter worth approximately $933,000.
Nano Nuclear Energy Company Profile
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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.
Further Reading
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