Short Interest in Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Decreases By 38.7%

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 1,616,008 shares, a decrease of 38.7% from the April 15th total of 2,637,430 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average trading volume of 856,576 shares, the days-to-cover ratio is currently 1.9 days.

Analyst Ratings Changes

NKLR has been the subject of several recent analyst reports. Canaccord Genuity Group initiated coverage on Terra Innovatum Global S.R.L. in a research note on Friday, February 20th. They set a “buy” rating and a $10.00 price target for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Terra Innovatum Global S.R.L. in a research note on Wednesday, March 25th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.50.

Terra Innovatum Global S.R.L. Trading Down 7.9%

Shares of NKLR stock traded down $0.46 during mid-day trading on Monday, reaching $5.38. The stock had a trading volume of 409,662 shares, compared to its average volume of 625,910. The company has a 50 day moving average of $5.30. Terra Innovatum Global S.R.L. has a one year low of $3.73 and a one year high of $21.91.

Institutional Trading of Terra Innovatum Global S.R.L.

A number of hedge funds have recently modified their holdings of NKLR. Occidental Asset Management LLC bought a new stake in shares of Terra Innovatum Global S.R.L. in the 4th quarter worth approximately $179,000. FNY Investment Advisers LLC bought a new stake in shares of Terra Innovatum Global S.R.L. in the 4th quarter worth approximately $181,000. Quotient Wealth Partners LLC bought a new stake in shares of Terra Innovatum Global S.R.L. in the 4th quarter worth approximately $207,000. Farther Finance Advisors LLC acquired a new position in shares of Terra Innovatum Global S.R.L. in the 4th quarter worth approximately $107,000. Finally, Symmetry Partners LLC acquired a new position in shares of Terra Innovatum Global S.R.L. in the 4th quarter worth approximately $61,000.

Terra Innovatum Global S.R.L. Company Profile

Terra Innovatum Global N.V. is a developer of micro-modular nuclear reactors. Terra Innovatum Global N.V., formerly known as GSR III Acquisition Corp., is based in NEW YORK.