Short Interest in Deep Fission, Inc. (NASDAQ:FISN) Increases By 111.0%

Deep Fission, Inc. (NASDAQ:FISNGet Free Report) saw a significant increase in short interest in 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. Approximately 1.5% of the company’s shares are sold short. Based on an average daily volume of 250,265 shares, the short-interest ratio is presently 3.5 days.

Institutional Investors Weigh In On Deep Fission

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chapin Davis Inc. acquired a new stake in shares of Deep Fission in the second quarter valued at about $210,000. Elevation Wealth Management LLC bought a new position in Deep Fission in the second quarter valued at approximately $3,294,000. Finally, Blue Owl Capital Holdings LP acquired a new position in shares of Deep Fission during the 2nd quarter worth approximately $14,720,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FISN. Wall Street Zen lowered shares of Deep Fission from a “hold” rating to a “sell” rating in a report on Sunday, August 23rd. Canaccord Genuity Group assumed coverage on Deep Fission in a report on Wednesday, July 15th. They set a “buy” rating and a $18.00 target price on the stock. Seaport Research Partners initiated coverage on Deep Fission in a research report on Tuesday, August 4th. They set a “buy” rating and a $25.00 price target on the stock. UBS Group set a $18.00 target price on shares of Deep Fission in a report on Wednesday, July 15th. Finally, Zacks Research raised shares of Deep Fission to a “hold” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.67.

Get Our Latest Stock Analysis on FISN

Deep Fission Stock Down 5.3%

NASDAQ:FISN opened at $6.56 on Friday. Deep Fission has a 52-week low of $6.42 and a 52-week high of $19.00. The stock’s 50-day moving average price is $9.61.

Deep Fission (NASDAQ:FISNGet Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.56) earnings per share (EPS) for the quarter. On average, research analysts predict that Deep Fission will post -1.66 earnings per share for the current year.

About Deep Fission

(Get Free Report)

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

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