Short Interest in Nukkleus Inc. (NASDAQ:NUKK) Grows By 27.3%

Nukkleus Inc. (NASDAQ:NUKK) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 259,500 shares, an increase of 27.3% from the May 15th total of 203,800 shares. Approximately 6.4% of the company’s shares are sold short. Based on an average trading volume of 168,300 shares, the short-interest ratio is presently 1.5 days.

Nukkleus Price Performance

Shares of Nukkleus stock opened at $11.57 on Friday. The business has a fifty day simple moving average of $14.84 and a two-hundred day simple moving average of $17.52. Nukkleus has a 12 month low of $1.30 and a 12 month high of $78.32.

Nukkleus (NASDAQ:NUKK) last announced its quarterly earnings data on Friday, May 23rd. The company reported $18.19 EPS for the quarter.

Hedge Funds Weigh In On Nukkleus

A hedge fund recently bought a new stake in Nukkleus stock. Compagnie Lombard Odier SCmA acquired a new stake in shares of Nukkleus Inc. (NASDAQ:NUKK) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,200 shares of the company’s stock, valued at approximately $74,000. Compagnie Lombard Odier SCmA owned 0.13% of Nukkleus at the end of the most recent quarter. Hedge funds and other institutional investors own 12.47% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Nukkleus from a “sell” rating to a “hold” rating in a report on Friday, May 30th.

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.