Nukkleus Inc. (NASDAQ:DFNS) Stock Short Interest Rises 77.3%

Nukkleus Inc. (NASDAQ:DFNS) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 489,971 shares, an increase of 77.3% from the September 30th total of 276,275 shares. Based on an average trading volume of 691,705 shares, the short-interest ratio is presently 0.7 days. Currently, 33.1% of the shares of the company are short sold.

Nukkleus Stock Performance

DFNS traded down $0.07 during trading on Friday, hitting $3.59. 190,963 shares of the stock were exchanged, compared to its average volume of 524,614. The firm has a market capitalization of $5.96 million, a P/E ratio of -0.01 and a beta of -6.05. Nukkleus has a 1-year low of $3.37 and a 1-year high of $930.00. The stock has a fifty day moving average price of $7.83 and a two-hundred day moving average price of $88.62. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 0.07.

Nukkleus (NASDAQ:DFNS) last released its earnings results on Wednesday, August 19th. The company reported ($173.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.11) by ($170.69). The business had revenue of $4.00 million during the quarter, compared to the consensus estimate of $4.50 million. As a group, sell-side analysts predict that Nukkleus will post -3.90 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DFNS shares. Wall Street Zen downgraded shares of Nukkleus from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nukkleus in a report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Nukkleus Company Profile

Nukkleus, Inc is a technology-focused holding company that has historically developed and operated digital infrastructure for the financial-services industry. Its activities have included software and services supporting electronic trading, foreign-exchange brokerage operations, payments, risk management and digital-asset transactions.

The company’s financial-technology portfolio has included platforms and tools designed to help brokers and other financial institutions manage trading operations, liquidity, client relationships and related back-office functions.