Nano Nuclear Energy Inc. (NASDAQ:NNE) Short Interest Up 62.1% in November

Nano Nuclear Energy Inc. (NASDAQ:NNE) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 2,950,000 shares, a growth of 62.1% from the November 15th total of 1,820,000 shares. Based on an average daily volume of 5,150,000 shares, the short-interest ratio is presently 0.6 days. Currently, 14.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Nano Nuclear Energy

Large investors have recently modified their holdings of the company. Citizens Financial Group Inc. RI increased its holdings in shares of Nano Nuclear Energy by 747.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after acquiring an additional 643,000 shares during the last quarter. Geode Capital Management LLC acquired a new position in Nano Nuclear Energy in the third quarter valued at approximately $954,000. Virtu Financial LLC purchased a new position in Nano Nuclear Energy in the third quarter valued at approximately $933,000. State Street Corp purchased a new position in Nano Nuclear Energy in the third quarter valued at approximately $718,000. Finally, XTX Topco Ltd acquired a new stake in Nano Nuclear Energy during the third quarter worth approximately $305,000.

Nano Nuclear Energy Stock Down 4.1 %

Shares of NNE stock traded down $1.00 during trading hours on Thursday, reaching $23.10. 4,851,470 shares of the stock were exchanged, compared to its average volume of 3,370,075. The business’s fifty day moving average is $22.23 and its two-hundred day moving average is $16.53. Nano Nuclear Energy has a 12-month low of $3.25 and a 12-month high of $37.51.

Wall Street Analyst Weigh In

NNE has been the topic of several analyst reports. Benchmark lifted their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. HC Wainwright reaffirmed a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.

About Nano Nuclear Energy

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.