Short Interest in Oklo Inc. (NYSE:OKLO) Increases By 19.1%

Oklo Inc. (NYSE:OKLO) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 14,160,000 shares, a growth of 19.1% from the February 28th total of 11,890,000 shares. Currently, 17.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,320,000 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Several brokerages have issued reports on OKLO. Citigroup decreased their price objective on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. B. Riley raised their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Wedbush reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. Finally, Craig Hallum began coverage on Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.25.

Oklo Trading Up 0.2 %

Shares of Oklo stock traded up $0.05 on Thursday, hitting $22.75. 8,096,375 shares of the company traded hands, compared to its average volume of 11,680,363. The company has a market cap of $3.16 billion, a PE ratio of -2.25 and a beta of -0.28. The stock’s 50 day moving average price is $35.61 and its 200-day moving average price is $24.96. Oklo has a 52 week low of $5.35 and a 52 week high of $59.14.

Oklo (NYSE:OKLO) last issued its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). As a group, research analysts anticipate that Oklo will post -8.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 35,365 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares of the company’s stock, valued at approximately $277,494,059.15. The trade was a 0.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John M. Jansen purchased 6,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the transaction, the director now owns 6,000 shares of the company’s stock, valued at $147,420. The trade was 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 Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. purchased a new stake in shares of Oklo in the 4th quarter worth approximately $27,000. Sandy Spring Bank purchased a new stake in Oklo during the fourth quarter worth $32,000. CoreCap Advisors LLC bought a new stake in Oklo during the 4th quarter valued at $32,000. Covestor Ltd bought a new position in shares of Oklo in the 4th quarter worth $34,000. Finally, Anfield Capital Management LLC bought a new position in Oklo in the fourth quarter worth about $43,000. 85.03% of the stock is currently owned by institutional investors.

Oklo Company Profile

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.