Nova Minerals Limited (NASDAQ:NVAWW) Short Interest Down 95.9% in May

Nova Minerals Limited (NASDAQ:NVAWW) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 34 shares, a decline of 95.9% from the April 30th total of 834 shares. Based on an average daily volume of 609 shares, the days-to-cover ratio is currently 0.1 days.

Nova Minerals Stock Performance

Shares of NVAWW traded down $5.31 during mid-day trading on Wednesday, hitting $21.69. 336 shares of the company traded hands, compared to its average volume of 1,940. Nova Minerals has a 1-year low of $3.40 and a 1-year high of $67.84. The business has a 50 day moving average of $27.59 and a 200 day moving average of $35.40.

Nova Minerals Ltd is an Australia‐based mineral exploration and development company trading on the Nasdaq under the ticker NVAWW and on the Australian Securities Exchange. The company is principally focused on advancing its flagship Estelle Gold Project in Alaska, alongside a portfolio of exploration tenements in one of the world’s most prospective gold regions. Through systematic drilling campaigns and geological mapping, Nova Minerals aims to define and expand a gold resource capable of supporting future feasibility studies.

The Estelle Gold Project covers approximately 98,000 hectares across multiple prospects—including Iceberg, Creek, Gravity, and Jupiter—located about 150 kilometers north of Fairbanks.