Nukkleus Inc. (NASDAQ:NUKK) Sees Significant Increase in Short Interest

Nukkleus Inc. (NASDAQ:NUKKGet Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 228,800 shares, a growth of 3,122.5% from the January 31st total of 7,100 shares. Based on an average trading volume of 302,100 shares, the short-interest ratio is currently 0.8 days. Currently, 44.3% of the shares of the stock are sold short.

Nukkleus Price Performance

Shares of NASDAQ:NUKK traded up $0.07 during trading on Wednesday, reaching $0.97. The stock had a trading volume of 687,340 shares, compared to its average volume of 412,969. The stock has a fifty day moving average of $1.41. Nukkleus has a 1-year low of $0.00 and a 1-year high of $15.38.

Institutional Trading of Nukkleus

A hedge fund recently bought a new stake in Nukkleus stock. Newtyn Management LLC purchased a new position in shares of Nukkleus Inc. (NASDAQ:NUKKFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 26,990 shares of the company’s stock, valued at approximately $77,000. Newtyn Management LLC owned 1.49% of Nukkleus as of its most recent SEC filing. 11.82% of the stock is currently owned by institutional investors.

About Nukkleus

(Get Free Report)

Nukkleus Inc, a financial technology company, focuses on providing software and technology solutions for retail foreign exchange trading industry worldwide. The company primarily offers software, technology, customer sales and marketing, and risk management technology hardware and software solutions.

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