Deep Fission, Inc. (NASDAQ:FISN) Short Interest Update

Deep Fission, Inc. (NASDAQ:FISN) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 876,278 shares, an increase of 111.0% from the July 30th total of 415,329 shares. Based on an average daily volume of 250,265 shares, the short-interest ratio is presently 3.5 days. Approximately 1.5% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Zacks Research raised Deep Fission to a “hold” rating in a research note on Wednesday, August 5th. Canaccord Genuity Group started coverage on shares of Deep Fission in a research report on Wednesday, July 15th. They issued a “buy” rating and a $18.00 target price on the stock. UBS Group set a $18.00 price target on shares of Deep Fission in a report on Wednesday, July 15th. Seaport Research Partners initiated coverage on shares of Deep Fission in a research report on Tuesday, August 4th. They issued a “buy” rating and a $25.00 price target for the company. Finally, Wall Street Zen lowered shares of Deep Fission from a “hold” rating to a “sell” rating in a research note on Sunday, August 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Deep Fission has an average rating of “Moderate Buy” and an average target price of $18.67.

Deep Fission Trading Down 5.3%

NASDAQ:FISN traded down $0.37 during trading hours on Friday, hitting $6.56. 247,117 shares of the company’s stock traded hands, compared to its average volume of 221,781. Deep Fission has a twelve month low of $6.42 and a twelve month high of $19.00. The stock has a fifty day moving average price of $9.61.

Deep Fission (NASDAQ:FISN) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.56) earnings per share (EPS) for the quarter. Equities analysts forecast that Deep Fission will post -1.66 earnings per share for the current year.

Institutional Trading of Deep Fission

A number of hedge funds have recently made changes to their positions in FISN. Blue Owl Capital Holdings LP acquired a new stake in shares of Deep Fission during the second quarter worth approximately $14,720,000. Elevation Wealth Management LLC acquired a new position in Deep Fission in the 2nd quarter valued at approximately $3,294,000. Finally, Chapin Davis Inc. acquired a new position in Deep Fission in the 2nd quarter valued at approximately $210,000.

About Deep Fission

Deep Fission Inc develops and deploys small modular nuclear reactors placed deep underground to generate electricity. Deep Fission Inc is based in Berkeley, California.