Short Interest in Nova Minerals Limited (NASDAQ:NVAWW) Drops By 52.9%

Nova Minerals Limited (NASDAQ:NVAWW) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 16 shares, a drop of 52.9% from the May 14th total of 34 shares. Based on an average daily trading volume, of 539 shares, the days-to-cover ratio is presently 0.0 days.

Nova Minerals Price Performance

Shares of NVAWW remained flat at $31.40 during mid-day trading on Friday. The stock has a 50-day simple moving average of $28.23 and a two-hundred day simple moving average of $34.57. Nova Minerals has a one year low of $3.40 and a one year high of $67.84.

Nova Minerals Ltd is an Australia‐based mineral exploration and development company trading on the Nasdaq under the ticker NVAWW and on the Australian Securities Exchange. The company is principally focused on advancing its flagship Estelle Gold Project in Alaska, alongside a portfolio of exploration tenements in one of the world’s most prospective gold regions. Through systematic drilling campaigns and geological mapping, Nova Minerals aims to define and expand a gold resource capable of supporting future feasibility studies.

The Estelle Gold Project covers approximately 98,000 hectares across multiple prospects—including Iceberg, Creek, Gravity, and Jupiter—located about 150 kilometers north of Fairbanks.