Oklo Inc. (NYSE:OKLO) Short Interest Update

by · The Markets Daily

Oklo Inc. (NYSE:OKLO – Get Free Report) was the recipient of a significant growth in short interest in the month of 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. Based on an average trading volume of 18,320,000 shares, the short-interest ratio is currently 0.8 days. Approximately 17.0% of the shares of the stock are sold short.

Oklo Trading Up 0.9 %

OKLO traded up $0.20 during midday trading on Wednesday, hitting $22.73. The company’s stock had a trading volume of 10,320,699 shares, compared to its average volume of 11,695,753. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14. The firm has a 50-day moving average price of $35.61 and a two-hundred day moving average price of $24.96. The firm has a market cap of $3.16 billion, a P/E ratio of -2.24 and a beta of -0.28.

Oklo (NYSE:OKLO – Get Free Report) last issued its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). On average, equities analysts expect that Oklo will post -8.2 EPS for the current year.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on Oklo

Insider Buying and Selling

In other news, Director John M. Jansen bought 6,000 shares of the stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company’s stock, valued at approximately $147,420. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the transaction, the chief executive officer now owns 11,033,561 shares of the company’s stock, valued at approximately $277,494,059.15. This represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oklo

Several hedge funds have recently modified their holdings of the stock. Triton Wealth Management PLLC purchased a new position in Oklo in the 4th quarter worth approximately $559,000. Windmill Hill Asset Management Ltd purchased a new stake in Oklo during the 4th quarter worth $1,476,000. Polar Asset Management Partners Inc. acquired a new position in shares of Oklo in the fourth quarter worth about $781,000. Alpine Global Management LLC purchased a new position in Oklo in the fourth quarter valued at about $427,000. Finally, Value Aligned Research Advisors LLC acquired a new stake in Oklo during the 4th quarter valued at approximately $1,209,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Company Profile

(Get Free Report)

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.

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