Short Interest in Nova Minerals Limited (NASDAQ:NVAWW) Declines By 52.9%

Nova Minerals Limited (NASDAQ:NVAWW) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 16 shares, a drop of 52.9% from the May 14th total of 34 shares. Based on an average trading volume of 539 shares, the days-to-cover ratio is currently 0.0 days.

Nova Minerals Price Performance

Shares of Nova Minerals stock remained flat at $31.40 during trading on Friday. The firm’s 50 day simple moving average is $28.23 and its 200 day simple moving average is $34.57. Nova Minerals has a 12 month low of $3.40 and a 12 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.