Oklo Inc. (NYSE:OKLO) Sees Significant Growth in Short Interest

Oklo Inc. (NYSE:OKLOGet Free Report) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 15,090,000 shares, an increase of 19.6% from the November 30th total of 12,620,000 shares. Based on an average trading volume of 17,590,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 20.9% of the company’s stock are short sold.

Analyst Ratings Changes

A number of equities analysts have weighed in on OKLO shares. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th. Citigroup reduced their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Wedbush initiated coverage on Oklo in a research report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price objective on the stock. Finally, B. Riley began coverage on shares of Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price for the company.

Check Out Our Latest Report on OKLO

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the completion of the sale, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

Institutional investors and hedge funds have recently made changes to their positions in the business. DRW Securities LLC acquired a new stake in shares of Oklo in the third quarter valued at about $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Oklo in the 3rd quarter valued at about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Oklo in the 3rd quarter worth about $104,000. Portland Investment Counsel Inc. purchased a new stake in Oklo during the 3rd quarter worth approximately $6,493,000. Finally, Atom Investors LP acquired a new position in shares of Oklo during the third quarter valued at approximately $657,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Price Performance

Shares of Oklo stock traded down $2.42 on Tuesday, hitting $21.23. The company’s stock had a trading volume of 15,619,316 shares, compared to its average volume of 6,355,441. The firm has a fifty day moving average price of $21.64 and a 200-day moving average price of $13.20. Oklo has a 1 year low of $5.35 and a 1 year high of $28.12.

About Oklo

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Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.

Further Reading

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