Nova Minerals Limited (NASDAQ:NVAWW) Short Interest Update

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

Nova Minerals Stock Up 16.7%

NVAWW stock traded up $4.52 during trading on Thursday, reaching $31.52. 345 shares of the stock were exchanged, compared to its average volume of 1,912. The firm’s 50 day moving average is $27.59 and its 200 day moving average is $35.40. Nova Minerals has a twelve month low of $3.40 and a twelve month high of $67.84.

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.