Oklo Inc. (NYSE:OKLO) Short Interest Update

Oklo Inc. (NYSE:OKLO) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 11,840,000 shares, a drop of 21.5% from the December 15th total of 15,090,000 shares. Currently, 19.1% of the shares of the company are short sold. Based on an average daily volume of 19,120,000 shares, the short-interest ratio is currently 0.6 days.

Insider Activity at Oklo

In related news, Director Richard Kinzley acquired 5,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the completion of the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. 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

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

Analyst Ratings Changes

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

Oklo Stock Performance

NYSE OKLO traded up $1.86 during trading on Friday, reaching $26.09. The company’s stock had a trading volume of 12,775,086 shares, compared to its average volume of 14,259,286. Oklo has a 12 month low of $5.35 and a 12 month high of $31.91. The firm has a 50 day moving average price of $22.44 and a 200 day moving average price of $14.47.

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.