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

Oklo Inc. (NYSE:OKLO) saw a significant 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 sold short. 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 recently issued reports on OKLO. Citigroup cut their price objective on Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. B. Riley boosted their price target on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Craig Hallum initiated coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Finally, Wedbush reissued an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Oklo Trading Up 0.9 %

NYSE OKLO traded up $0.20 during trading hours on Wednesday, reaching $22.73. 10,320,699 shares of the company’s stock were exchanged, compared to its average volume of 11,695,753. The firm has a fifty day moving average of $35.61 and a 200-day moving average of $24.96. Oklo has a one year low of $5.35 and a one year high of $59.14. The stock has a market cap of $3.16 billion, a PE ratio of -2.24 and a beta of -0.28.

Oklo (NYSE:OKLO) last issued its quarterly 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 forecast that Oklo will post -8.2 EPS for the current year.

Insider Buying and Selling at Oklo

In related news, Director John M. Jansen purchased 6,000 shares of Oklo stock in a transaction dated Thursday, March 27th. The stock was acquired at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the completion of the sale, the chief executive officer now owns 10,852,926 shares of the company’s stock, valued at approximately $236,593,786.80. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oklo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. acquired a new stake in shares of Oklo during the fourth quarter worth $27,000. Sandy Spring Bank bought a new position in Oklo during the 4th quarter worth approximately $32,000. CoreCap Advisors LLC acquired a new position in Oklo during the fourth quarter valued at approximately $32,000. Covestor Ltd bought a new stake in Oklo in the fourth quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC acquired a new stake in Oklo during the 4th quarter worth $43,000. 85.03% of the stock is 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.