Oklo Inc. (NYSE:OKLO) Short Interest Update

Oklo Inc. (NYSE:OKLO) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 12,620,000 shares, a drop of 20.6% from the November 15th total of 15,890,000 shares. Based on an average trading volume of 15,520,000 shares, the short-interest ratio is presently 0.8 days. Currently, 17.5% of the shares of the company are short sold.

Oklo Stock Up 0.9 %

Shares of OKLO traded up $0.16 during trading hours on Friday, reaching $18.53. 5,308,304 shares of the company traded hands, compared to its average volume of 5,834,495. Oklo has a 12-month low of $5.35 and a 12-month high of $28.12. The stock’s fifty day moving average price is $19.74 and its 200 day moving average price is $12.16.

Institutional Trading of Oklo

A number of large investors have recently made changes to their positions in OKLO. Barclays PLC bought a new stake in shares of Oklo in the third quarter valued at about $58,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Oklo in the third quarter valued at about $94,000. Peapack Gladstone Financial Corp bought a new stake in shares of Oklo in the third quarter valued at about $100,000. Sanctuary Advisors LLC bought a new stake in shares of Oklo in the third quarter valued at about $100,000. Finally, MML Investors Services LLC bought a new stake in shares of Oklo in the third quarter valued at about $104,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on OKLO. Citigroup decreased their target price on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. B. Riley started coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research report on Friday, September 6th.

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.