Oklo Inc. (NYSE:OKLO) Short Interest Update

Oklo Inc. (NYSE:OKLO) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 11,840,000 shares, a decrease of 21.5% from the December 15th total of 15,090,000 shares. Based on an average trading volume of 19,120,000 shares, the short-interest ratio is presently 0.6 days. Currently, 19.1% of the company’s shares are short sold.

Oklo Stock Up 9.3 %

Shares of NYSE OKLO traded up $2.12 during mid-day trading on Wednesday, hitting $24.93. The company had a trading volume of 11,634,245 shares, compared to its average volume of 14,651,991. Oklo has a 1-year low of $5.35 and a 1-year high of $31.91. The business’s 50-day simple moving average is $22.44 and its 200 day simple moving average is $14.33.

Insider Buying and Selling

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

Institutional Investors Weigh In On Oklo

Hedge funds have recently bought and sold shares of the stock. DRW Securities LLC purchased a new stake in shares of Oklo during the third quarter worth approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Oklo in the 3rd quarter valued at approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Oklo in the 3rd quarter valued at approximately $104,000. Portland Investment Counsel Inc. acquired a new stake in shares of Oklo in the 3rd quarter valued at $6,493,000. Finally, Atom Investors LP purchased a new stake in shares of Oklo during the 3rd quarter worth $657,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. B. Riley initiated coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company. Citigroup lifted their target price on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Finally, Wedbush started coverage on shares of Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target on the stock.

About Oklo

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.