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

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

Institutional Trading of Nukkleus

A hedge fund recently bought a new stake in Nukkleus stock. Compagnie Lombard Odier SCmA purchased a new stake in Nukkleus Inc. (NASDAQ:NUKK) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,200 shares of the company’s stock, valued at approximately $74,000. Compagnie Lombard Odier SCmA owned approximately 0.13% of Nukkleus as of its most recent SEC filing. Institutional investors and hedge funds 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.

Nukkleus Stock Performance

Shares of Nukkleus stock opened at $11.57 on Friday. Nukkleus has a 52-week low of $1.30 and a 52-week high of $78.32. The company’s 50 day moving average price is $14.84 and its 200-day moving average price is $17.52.

Nukkleus (NASDAQ:NUKK) last issued its earnings results on Friday, May 23rd. The company reported $18.19 earnings per share (EPS) for the quarter.

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.