Nova Minerals Limited (NASDAQ:NVAWW) Sees Significant Drop in Short Interest

Nova Minerals Limited (NASDAQ:NVAWW) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 16 shares, a decrease of 52.9% from the May 14th total of 34 shares. Based on an average daily volume of 539 shares, the days-to-cover ratio is currently 0.0 days.

Nova Minerals Price Performance

NVAWW stock remained flat at $31.40 during trading on Monday. Nova Minerals has a 1 year low of $3.40 and a 1 year high of $67.84. The firm has a 50 day moving average price of $28.29 and a 200-day moving average price of $34.47.

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.