Investors Buy High Volume of Call Options on Nano Nuclear Energy (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNE) was the recipient of unusually large options trading on Monday. Stock traders bought 15,758 call options on the stock. This is an increase of 73% compared to the average volume of 9,097 call options.

Hedge Funds Weigh In On Nano Nuclear Energy

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in Nano Nuclear Energy during the third quarter valued at approximately $933,000. Barclays PLC bought a new position in Nano Nuclear Energy during the third quarter worth $76,000. Geode Capital Management LLC acquired a new position in Nano Nuclear Energy in the third quarter worth $954,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy in the third quarter worth $305,000. Finally, State Street Corp bought a new stake in Nano Nuclear Energy during the third quarter valued at $718,000.

Wall Street Analysts Forecast Growth

NNE has been the subject of several recent research reports. Benchmark increased their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. HC Wainwright started coverage on shares of Nano Nuclear Energy in a report on Wednesday, October 30th. They set a “buy” rating and a $50.00 price target for the company.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ NNE opened at $25.91 on Tuesday. The business has a 50 day moving average price of $19.30 and a two-hundred day moving average price of $14.75. Nano Nuclear Energy has a fifty-two week low of $3.25 and a fifty-two week high of $37.51.

About Nano Nuclear Energy

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.