Nukkleus Inc. (NASDAQ:DFNS) Sees Large Decrease in Short Interest

Nukkleus Inc. (NASDAQ:DFNS) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 279,125 shares, a drop of 97.9% from the July 15th total of 13,439,238 shares. Approximately 41.4% of the shares of the company are short sold. Based on an average daily volume of 14,067,878 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DFNS. Noble Financial upgraded Nukkleus to a “strong-buy” rating in a research note on Monday, June 29th. Wall Street Zen upgraded Nukkleus to a “sell” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings downgraded shares of Nukkleus from a “sell (d+)” rating to a “sell (e+)” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Nukkleus Price Performance

Shares of NASDAQ:DFNS opened at $36.83 on Thursday. The firm’s 50 day moving average is $26.02 and its two-hundred day moving average is $103.00. The firm has a market capitalization of $27.99 million, a P/E ratio of -0.10 and a beta of -5.80. The company has a current ratio of 0.25, a quick ratio of 0.21 and a debt-to-equity ratio of 0.07. Nukkleus has a 52 week low of $3.70 and a 52 week high of $1,948.75.

Nukkleus (NASDAQ:DFNS) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($142.50) earnings per share (EPS) for the quarter. The company had revenue of $3.65 million during the quarter. Analysts anticipate that Nukkleus will post -4.21 earnings per share for the current year.

Hedge Funds Weigh In On Nukkleus

Several large investors have recently bought and sold shares of the stock. GM Advisory Group LLC bought a new position in shares of Nukkleus in the fourth quarter valued at approximately $56,000. BNP Paribas Financial Markets acquired a new position in shares of Nukkleus during the 2nd quarter valued at $56,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Nukkleus during the 4th quarter valued at $57,000. Millennium Management LLC bought a new stake in shares of Nukkleus in the 4th quarter worth $60,000. Finally, State Street Corp raised its stake in shares of Nukkleus by 70.7% in the 4th quarter. State Street Corp now owns 17,863 shares of the company’s stock worth $72,000 after buying an additional 7,400 shares in the last quarter. Institutional investors and hedge funds own 12.47% of the company’s stock.

About Nukkleus

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.