Hudson Bay Capital Management LP Invests $19.64 Million in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Hudson Bay Capital Management LP acquired a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 833,334 shares of the company’s stock, valued at approximately $19,642,000. Hudson Bay Capital Management LP owned approximately 2.28% of Nano Nuclear Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NNE. Geode Capital Management LLC bought a new position in Nano Nuclear Energy during the 3rd quarter valued at $954,000. Barclays PLC bought a new position in Nano Nuclear Energy during the third quarter valued at about $76,000. JPMorgan Chase & Co. acquired a new position in Nano Nuclear Energy during the third quarter worth about $25,000. Fulton Bank N.A. bought a new stake in Nano Nuclear Energy in the fourth quarter worth about $213,000. Finally, SG Americas Securities LLC acquired a new stake in Nano Nuclear Energy in the 4th quarter valued at about $345,000.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE opened at $24.06 on Friday. The company has a market capitalization of $891.98 million and a PE ratio of -58.68. The stock has a fifty day moving average of $25.13 and a 200-day moving average of $26.62. Nano Nuclear Energy Inc. has a one year low of $3.25 and a one year high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09. As a group, research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Monday, March 31st.

Nano Nuclear Energy 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.