NNE News & Events

Welcome to this week's installment of "The Short Interest Report" - The Fly's weekly recap of short interest trends among some of the most widely followed high-short-float stocks. Using the data from our partner, which utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this report will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios while also considering the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report tracks the trading period that covers prior Friday through Thursday of this week, excluding holidays. As a basis of comparison for stocks discussed below, the S&P 500 index was up 3.2%, the Nasdaq Composite was up 5.6%, the Russell 2000 index was up 3.2%, the Russell 2000 Growth ETFwas up 4.8% and the Russell 2000 Value ETFwas up 1.3% in the five-day trading session range through April 16.SHORT INTEREST GAINERSOrtex-reported short interest on Asanahas spiked to fresh record highs as the workflow management company continues to find itself at the epicenter of "SaaS-pocalypse" with little interest from investors in buying this year's near-60% dip in spite of the rebound among some of the more established Software Application names in recent days. Shorts as a percentage of free float on Asana briefly topped 30% in early March, retreated to 27% by the first week of April, but this week, bears pushed that expression higher again to reach 33%. The stock was up 2% in the five-day period covered, but year-to-date, Asana is still down 57%.Ortex-reported short interest in Establishment Labshad troughed at 22% around mid-February - just days ahead of the company's better than expected results – and a subsequent four-year-high in the stock helped keep the bears at bay. Bearish expression hardly budged despite the 35% swoon in the stock price since the broader market downturn in March, though with broader sentiment recovering and the stock bouncing nearly 30% off its lows, sellers are stepping in with bets on renewed downside. This week, shorts as a percentage of free float on Establishment Labs spiked to a three-month high of 27% and days-to-cover on the name rose from 8.6 to 10.6, reflecting seasonally low trading volume thus far in April. The stock was up 4% in the five-day-period through Thursday, though year-to-date, the medical device company is still down over 9%.Ortex-reported short interest in Kohl'slast peaked around 26% in mid-March as the stock price collapsed about 40% over a span of a month on broader market selloff before the bears booked profits on their positions through the second half of last month and into April. With shares nudging higher over the past few days however, bears are refreshing their exposure at higher price levels. This week, shorts interest as a percentage of free float on Kohl's Rose from 23% to exceed 27% - the highest level since December – while days-to-cover bounced from 5.8 to 6.9. Shares of the retail chain were up about 5% in a five-day period covered through Thursday. Year-to-date, Kohls is still down nearly 30% - a worse performance relative to its department store peers like Macy'sand Dillard's, which are down by significantly smaller margins.SHORT INTEREST DECLINERSOrtex-reported short interest on Nano Nuclearhas been in retreat since the first week of February when it peaked around 37%, though unlike the downward sloping price action of the initial two months, this week's pullback is sharper and correlates with the bears exiting amid a bounce in the stock price. In the five-day period covered, shorts as a percentage of free float on Nano Nuclear fell from 27% all the way below 20% before settle Thursday at 21.4%. Days-to- cover on the name were also down – from 6.0 to 4.7 – helped relatively higher trading volume observed in April. Meanwhile, shares were up 16% in the five days through Thursday and another 6% on Friday, helping the stock recover losses of as much as 21% year-to-date registered just over two weeks ago.

Energy Secretary Wright is speaking before the House Committee on Energy and Commerce Subcommittee on Energy at a hearing on the FY27 Department of Energy budget. Publicly traded companies in the space include Energy Fuels (UUUU), Cameco (CCJ), Constellation Energy (CEG), Centrus Energy (LEU), Nano Nuclear Energy (NNE), NuScale Power (SMR), Fermi (FRMI), and Oklo (OKLO).

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.IRAN CEASEFIRE:President of France Emmanuel Macron said in a post on X: "I spoke today with Iranian President Massoud Pezeshkian, as well as with U.S. President Donald Trump. I told both of them that their decision to accept a ceasefire was the best possible one. I expressed my hope that the ceasefire will be fully respected by each of the belligerents, across all areas of confrontation, including in Lebanon. This is a necessary condition for the ceasefire to be credible and lasting. It must open the way to comprehensive negotiations capable of ensuring security for all in the Middle East. Any agreement will have to address the concerns raised by Iran's nuclear and ballistic missile programs, as well as its regional policy and its actions obstructing navigation through the Strait of Hormuz. This is how a strong and lasting peace can be built, with the support of all those who are able to contribute to it. France will play its full part, in close coordination with its partners in the Middle East. This is also what I discussed today in my exchanges with the leaders of Qatar, the United Arab Emirates, Lebanon, and Iraq."Meanwhile, the speaker of the Parliament of Iran, Mohammad Bagher Ghalibaf, said the country's ceasefire with the U.S. has been violated, according to Bloomberg. Ghalibaf said three clauses of the ceasefire had been violated so far.SANCTIONS:The U.S. is weighing lifting sanctions on Venezuela's central bank to facilitate the flow of cash into the South American nation's economy, Bloomberg's Andreina Itriago, Eric Martin, and Fabiola Zerpa, citing people familiar with the matter. A lift would allow proceeds from oil sales to move more freely through the country's financial system, the authors note.DISCOUNT DRUG PROGRAM:AbbVieis suing the Trump administration to get a clearer definition of who counts as an eligible patient in the government's discount drug program, Maya Goldman of Axios reports. AbbVie filed a lawsuit in the District Court for the District of Columbia, saying that definition is "overly inclusive, capturing individuals who may have had only a cursory encounter with the covered entity a long time ago," according to the website.GAIN VOUCHER:Nano Nuclear Energyannounced that it has been awarded a Gateway for Accelerated Innovations in Nuclear, or GAIN, Voucher, NE-26-38854, by U.S. Department of Energy, or DOE, relating to its Kronos MMR Energy System titled, "Uncertainty Quantification and Sensitivity Analysis Support for NANO Nuclear Reactor Design Using ORNL's Tools - SCALE/TSUNAMI". NANO Nuclear, in collaboration with the Oak Ridge National Laboratory, will apply the SCALE/TSUNAMI code suite to quantify the impact of nuclear data, modeling assumptions, and operational parameters on key reactor physics metrics, including reactivity, power distribution, and temperature coefficients.