Short Interest in Nukkleus Inc. (NASDAQ:DFNS) Rises By 108.6%

Nukkleus Inc. (NASDAQ:DFNS) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 301,468 shares, a growth of 108.6% from the August 15th total of 144,490 shares. Based on an average daily volume of 1,811,869 shares, the days-to-cover ratio is currently 0.2 days. Approximately 20.4% of the company’s shares are sold short.

Nukkleus Trading Down 3.8%

Shares of DFNS traded down $0.36 during midday trading on Monday, hitting $9.23. 236,043 shares of the stock were exchanged, compared to its average volume of 1,325,569. Nukkleus has a 52-week low of $3.70 and a 52-week high of $1,948.75. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.11 and a current ratio of 0.14. The stock has a fifty day simple moving average of $21.24 and a 200 day simple moving average of $62.83. The firm has a market cap of $15.32 million, a P/E ratio of -0.02 and a beta of -5.88.

Nukkleus (NASDAQ:DFNS) last posted 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 company had revenue of $4.00 million during the quarter, compared to analysts’ expectations of $4.50 million. On average, research analysts anticipate that Nukkleus will post -3.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on DFNS. Weiss Ratings downgraded shares of Nukkleus from a “sell (d+)” rating to a “sell (e+)” rating in a research note on Monday, July 20th. Noble Financial raised shares of Nukkleus to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Wall Street Zen downgraded shares of Nukkleus from a “sell” rating to a “strong sell” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Institutional Trading of Nukkleus

Several hedge funds have recently made changes to their positions in DFNS. Millennium Management LLC purchased a new position in shares of Nukkleus in the fourth quarter valued at approximately $60,000. Engineers Gate Manager LP purchased a new stake in Nukkleus during the 4th quarter worth approximately $96,000. Price T Rowe Associates Inc. MD purchased a new stake in Nukkleus during the 4th quarter worth approximately $57,000. GM Advisory Group LLC acquired a new stake in Nukkleus during the 4th quarter worth approximately $56,000. Finally, State Street Corp lifted its holdings in Nukkleus by 70.7% during the 4th quarter. State Street Corp now owns 17,863 shares of the company’s stock worth $72,000 after buying an additional 7,400 shares in the last quarter. Institutional investors and hedge funds own 12.47% of the company’s stock.

Nukkleus Company Profile

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. In addition, the company provides software, technology, customer sales and marketing, and risk management technology hardware and software solutions.