Nano Nuclear Energy Inc. (NASDAQ:NNE) Short Interest Update
by Doug Wharley · The Cerbat GemNano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 8,423,275 shares, a decline of 37.1% from the March 15th total of 13,385,881 shares. Based on an average daily volume of 2,298,090 shares, the short-interest ratio is presently 3.7 days. Currently, 24.1% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on NNE. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research report on Wednesday, February 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Thursday, January 22nd. Finally, Texas Capital raised shares of Nano Nuclear Energy to a “strong-buy” rating in a research report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.00.
Check Out Our Latest Research Report on Nano Nuclear Energy
Insider Buying and Selling
In other news, Director Seth Jason Berl sold 3,664 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $27.69, for a total value of $101,456.16. Following the sale, the director owned 3,836 shares of the company’s stock, valued at $106,218.84. The trade was a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder I Financial Ventures Group Llc sold 121,339 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $31.78, for a total transaction of $3,856,153.42. Following the completion of the sale, the insider directly owned 8,724,000 shares in the company, valued at approximately $277,248,720. This trade represents a 1.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,049,664 shares of company stock valued at $69,352,176. Corporate insiders own 32.77% of the company’s stock.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of hedge funds and other institutional investors have recently bought and sold shares of NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Nano Nuclear Energy by 11,676.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock worth $66,564,000 after buying an additional 1,711,592 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at $38,224,000. Ghisallo Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at $38,224,000. Van ECK Associates Corp boosted its stake in shares of Nano Nuclear Energy by 65.7% in the 3rd quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock valued at $100,190,000 after purchasing an additional 1,030,262 shares in the last quarter. Finally, Regal Partners Ltd purchased a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at $23,535,000.
Nano Nuclear Energy Price Performance
NNE stock traded up $1.65 during midday trading on Tuesday, reaching $23.52. The company had a trading volume of 2,499,486 shares, compared to its average volume of 1,933,732. Nano Nuclear Energy has a 1 year low of $17.26 and a 1 year high of $60.87. The company has a market capitalization of $1.22 billion, a P/E ratio of -21.78 and a beta of 7.25. The firm has a 50-day moving average price of $23.73 and a 200-day moving average price of $32.06.
Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.19. On average, equities analysts predict that Nano Nuclear Energy will post -0.92 EPS for the current year.
Nano Nuclear Energy Company Profile
NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.