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NuScale Power Corp (NYSE:SMR) shares are trading lower Thursday morning. The decline comes as investors face a looming legal deadline and prepare for upcoming financial results.
• NuScale Power stock is showing downward bias. Where are SMR shares going?
Class Action Deadline Approaches
A primary headwind for the stock is the Monday plaintiff deadline. The suit alleges NuScale made misleading statements regarding its partner, ENTRA1 Energy.
Specifically, the complaint alleges that ENTRA1 had never built, financed, or operated any significant nuclear projects.
NuScale Power did not immediately respond to Benzinga’s request for comment.
High Short Interest Remains
Market data shows bearish bets against the nuclear technology firm. Short interest recently …
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