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

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

Analyst Upgrades and Downgrades

DFNS has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nukkleus in a report on Friday, October 16th. Wall Street Zen cut Nukkleus from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 5th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Nukkleus Trading Down 5.0%

Shares of Nukkleus stock opened at $3.41 on Tuesday. The company’s fifty day simple moving average is $7.49 and its 200-day simple moving average is $86.37. The stock has a market capitalization of $5.67 million, a PE ratio of -0.01 and a beta of -6.05. Nukkleus has a 1-year low of $3.37 and a 1-year high of $930.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.14 and a quick ratio of 0.11.

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

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.