Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Short Interest Update

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,616,008 shares, a drop of 38.7% from the April 15th total of 2,637,430 shares. Based on an average daily trading volume, of 856,576 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.3% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NKLR. Weiss Ratings restated a “sell (e+)” rating on shares of Terra Innovatum Global S.R.L. in a research report on Wednesday, March 25th. Canaccord Genuity Group started coverage on Terra Innovatum Global S.R.L. in a research report on Friday, February 20th. They set a “buy” rating and a $10.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.50.

Terra Innovatum Global S.R.L. Stock Performance

Terra Innovatum Global S.R.L. stock traded down $0.19 during mid-day trading on Tuesday, hitting $5.19. 192,361 shares of the company were exchanged, compared to its average volume of 615,964. The firm has a 50 day moving average price of $5.30. Terra Innovatum Global S.R.L. has a 12-month low of $3.73 and a 12-month high of $21.91.

Institutional Investors Weigh In On Terra Innovatum Global S.R.L.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Magnetar Financial LLC purchased a new stake in shares of Terra Innovatum Global S.R.L. during the 4th quarter valued at $4,064,000. UBS Group AG purchased a new stake in Terra Innovatum Global S.R.L. during the fourth quarter valued at about $3,002,000. Vennlight Capital Management LP purchased a new stake in Terra Innovatum Global S.R.L. during the fourth quarter valued at about $2,872,000. Hudson Bay Capital Management LP purchased a new stake in Terra Innovatum Global S.R.L. during the fourth quarter valued at about $1,477,000. Finally, AQR Arbitrage LLC purchased a new stake in Terra Innovatum Global S.R.L. during the fourth quarter valued at about $859,000.

About Terra Innovatum Global S.R.L.

Terra Innovatum Global N.V. is a developer of micro-modular nuclear reactors. Terra Innovatum Global N.V., formerly known as GSR III Acquisition Corp., is based in NEW YORK.