Nova Minerals Limited (NASDAQ:NVAWW) Sees Large Increase in Short Interest

Nova Minerals Limited (NASDAQ:NVAWW) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 834 shares, an increase of 2,282.9% from the April 15th total of 35 shares. Based on an average trading volume of 843 shares, the days-to-cover ratio is currently 1.0 days.

Nova Minerals Stock Up 0.5%

Nova Minerals stock traded up $0.11 during mid-day trading on Wednesday, reaching $23.94. The company’s stock had a trading volume of 1,499 shares, compared to its average volume of 2,076. Nova Minerals has a 12-month low of $3.40 and a 12-month high of $67.84. The firm’s fifty day moving average price is $29.21 and its two-hundred day moving average price is $35.34.

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.