Nukkleus Inc. (NASDAQ:DFNS) Sees Significant Decrease in Short Interest
by Renee Jackson · The Cerbat GemNukkleus Inc. (NASDAQ:DFNS – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 279,125 shares, a decline of 97.9% from the July 15th total of 13,439,238 shares. Based on an average daily trading volume, of 14,067,878 shares, the short-interest ratio is presently 0.0 days. Approximately 41.4% of the company’s stock are sold short.
Nukkleus Stock Performance
Shares of NASDAQ DFNS traded down $0.52 during midday trading on Tuesday, hitting $36.58. 525,508 shares of the company’s stock were exchanged, compared to its average volume of 9,729,318. The company has a quick ratio of 0.21, a current ratio of 0.25 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $27.80 million, a PE ratio of -0.10 and a beta of -5.80. Nukkleus has a 12 month low of $3.70 and a 12 month high of $1,948.75. The company’s 50 day moving average price is $26.06 and its 200 day moving average price is $105.46.
Nukkleus (NASDAQ:DFNS – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($142.50) earnings per share for the quarter. The company had revenue of $3.65 million during the quarter. As a group, analysts predict that Nukkleus will post -4.21 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nukkleus
Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in shares of Nukkleus during the 2nd quarter worth about $56,000. UBS Group AG raised its holdings in Nukkleus by 23.3% in the 3rd quarter. UBS Group AG now owns 80,512 shares of the company’s stock valued at $564,000 after acquiring an additional 15,223 shares during the period. Ausdal Financial Partners Inc. bought a new position in Nukkleus in the 3rd quarter valued at about $105,000. Geode Capital Management LLC raised its holdings in Nukkleus by 193.7% in the 4th quarter. Geode Capital Management LLC now owns 124,714 shares of the company’s stock valued at $503,000 after acquiring an additional 82,252 shares during the period. Finally, LPL Financial LLC acquired a new stake in Nukkleus during the fourth quarter worth approximately $120,000. 12.47% of the stock is owned by institutional investors.
Analysts Set New Price Targets
DFNS has been the subject of several analyst reports. Noble Financial upgraded Nukkleus to a “strong-buy” rating in a report on Monday, June 29th. Weiss Ratings cut Nukkleus from a “sell (d+)” rating to a “sell (e+)” rating in a research report on Monday, July 20th. Finally, Wall Street Zen raised Nukkleus to a “sell” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.
Get Our Latest Research Report on DFNS
Nukkleus Company Profile
Nukkleus Inc, a financial technology company, provides blockchain-enabled technology solutions worldwide. It focuses on providing software and technology solutions for retail foreign exchange trading industry. The company provides transactions platform for dealing and risk management services. It also offers cross-border payment and transactions solutions and blockchain-enabled financial services solutions to institutional investors. In addition, the company provides software, technology, customer sales and marketing, and risk management technology hardware and software solutions.