Deep Fission, Inc. (NASDAQ:FISN) Sees Significant Growth in Short Interest

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

Analyst Upgrades and Downgrades

Several analysts recently commented on FISN shares. Wall Street Zen cut shares of Deep Fission from a “hold” rating to a “sell” rating in a report on Sunday, August 23rd. Benchmark assumed coverage on shares of Deep Fission in a research note on Monday, July 13th. They issued a “buy” rating and a $20.00 price objective on the stock. Seaport Research Partners began coverage on shares of Deep Fission in a research report on Tuesday, August 4th. They issued a “buy” rating and a $25.00 target price for the company. Canaccord Genuity Group started coverage on shares of Deep Fission in a research note on Wednesday, July 15th. They set a “buy” rating and a $18.00 target price for the company. Finally, Zacks Research upgraded shares of Deep Fission to a “hold” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.67.

Deep Fission Stock Performance

Shares of FISN stock opened at $6.56 on Monday. Deep Fission has a fifty-two week low of $6.42 and a fifty-two week high of $19.00. The business has a 50-day moving average price of $9.61.

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

Institutional Trading of Deep Fission

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

Deep Fission Company Profile

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