Deep Fission, Inc. (NASDAQ:FISN) Sees Significant Growth in Short Interest

Deep Fission, Inc. (NASDAQ:FISN) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 876,278 shares, an increase of 111.0% from the July 30th total of 415,329 shares. Based on an average daily trading volume, of 250,265 shares, the days-to-cover ratio is presently 3.5 days. Approximately 1.5% of the shares of the stock are short sold.

Deep Fission Stock Performance

Deep Fission stock opened at $6.56 on Friday. Deep Fission has a 1 year low of $6.42 and a 1 year high of $19.00. The company’s 50-day simple moving average is $9.61.

Deep Fission (NASDAQ:FISN) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.56) EPS for the quarter. On average, analysts forecast that Deep Fission will post -1.66 earnings per share for the current year.

Institutional Investors Weigh In On Deep Fission

Institutional investors have recently made changes to their positions in the stock. Blue Owl Capital Holdings LP acquired a new position in Deep Fission in the second quarter valued at about $14,720,000. Elevation Wealth Management LLC acquired a new position in shares of Deep Fission during the 2nd quarter worth about $3,294,000. Finally, Chapin Davis Inc. acquired a new position in shares of Deep Fission during the 2nd quarter worth about $210,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FISN. Wall Street Zen downgraded shares of Deep Fission from a “hold” rating to a “sell” rating in a research report on Sunday, August 23rd. Canaccord Genuity Group assumed coverage on shares of Deep Fission in a research note on Wednesday, July 15th. They issued a “buy” rating and a $18.00 target price for the company. UBS Group set a $18.00 target price on shares of Deep Fission in a research report on Wednesday, July 15th. Seaport Research Partners initiated coverage on shares of Deep Fission in a research note on Tuesday, August 4th. They set a “buy” rating and a $25.00 price target on the stock. Finally, Benchmark assumed coverage on shares of Deep Fission in a report on Monday, July 13th. They issued a “buy” rating and a $20.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Deep Fission has a consensus rating of “Moderate Buy” and a consensus price target of $18.67.

Deep Fission Company Profile

Deep Fission Inc develops and deploys small modular nuclear reactors placed deep underground to generate electricity. Deep Fission Inc is based in Berkeley, California.