Short Interest in Nukkleus Inc. (NASDAQ:NUKK) Expands By 544.5%

Nukkleus Inc. (NASDAQ:NUKK) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 476,900 shares, a growth of 544.5% from the February 29th total of 74,000 shares. Currently, 92.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,000,000 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Nukkleus

A hedge fund recently bought a new stake in Nukkleus stock. Newtyn Management LLC purchased a new stake in Nukkleus Inc. (NASDAQ:NUKK) in the 4th quarter, according to the company in its most recent Form 13F 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. Institutional investors and hedge funds own 12.47% of the company’s stock.

Nukkleus Stock Up 8.9 %

Shares of NUKK stock traded up $0.08 on Thursday, hitting $0.98. The stock had a trading volume of 444,053 shares, compared to its average volume of 1,049,499. Nukkleus has a twelve month low of $0.00 and a twelve month high of $15.38. The company has a fifty day simple moving average of $0.99.

About Nukkleus

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.