Nukkleus Inc. (NASDAQ:DFNS) Stock Short Interest Jumps 77.3%

Nukkleus Inc. (NASDAQ:DFNS) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 489,971 shares, a growth of 77.3% from the September 30th total of 276,275 shares. Currently, 33.1% of the company’s shares are sold short. Based on an average daily trading volume, of 691,705 shares, the short-interest ratio is presently 0.7 days.

Nukkleus Trading Down 5.0%

Shares of NASDAQ DFNS traded down $0.18 during midday trading on Monday, reaching $3.41. 164,321 shares of the stock were exchanged, compared to its average volume of 1,176,081. Nukkleus has a 12 month low of $3.37 and a 12 month high of $930.00. The company has a market capitalization of $5.66 million, a price-to-earnings ratio of -0.01 and a beta of -5.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.14 and a quick ratio of 0.11. The business has a 50-day simple moving average of $7.83 and a two-hundred day simple moving average of $88.62.

Nukkleus (NASDAQ:DFNS) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($173.80) EPS for the quarter, missing analysts’ consensus estimates of ($3.11) by ($170.69). The company had revenue of $4.00 million for the quarter, compared to analyst estimates of $4.50 million. As a group, equities research analysts expect that Nukkleus will post -3.90 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DFNS shares. Weiss Ratings restated a “sell (e+)” rating on shares of Nukkleus in a research report on Friday, October 16th. Wall Street Zen cut Nukkleus from a “sell” rating to a “strong sell” rating in a report on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Nukkleus presently has an average rating of “Moderate Buy”.

Nukkleus Company Profile

Nukkleus, Inc is a technology-focused holding company that has historically developed and operated digital infrastructure for the financial-services industry. Its activities have included software and services supporting electronic trading, foreign-exchange brokerage operations, payments, risk management and digital-asset transactions.

The company’s financial-technology portfolio has included platforms and tools designed to help brokers and other financial institutions manage trading operations, liquidity, client relationships and related back-office functions.