NuScale Power Co. (NYSE:SMR) Sees Significant Growth in Short Interest

NuScale Power Co. (NYSE:SMR) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 21,610,000 shares, an increase of 17.4% from the January 15th total of 18,410,000 shares. Based on an average trading volume of 11,420,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 21.4% of the company’s shares are short sold.

NuScale Power Stock Down 6.7 %

Shares of NYSE:SMR traded down $1.64 during mid-day trading on Monday, hitting $23.07. 9,524,849 shares of the company traded hands, compared to its average volume of 12,315,810. The firm has a market cap of $5.89 billion, a P/E ratio of -24.28 and a beta of 1.51. NuScale Power has a 52-week low of $2.47 and a 52-week high of $32.30. The firm’s 50 day simple moving average is $22.06 and its 200 day simple moving average is $17.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Insider Activity

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. This represents a 95.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, the vice president now directly owns 3,801 shares in the company, valued at $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SMR. CoreCap Advisors LLC purchased a new stake in NuScale Power during the 4th quarter worth $33,000. Venturi Wealth Management LLC grew its stake in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp increased its position in shares of NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after acquiring an additional 1,800 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of NuScale Power in the fourth quarter worth about $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in NuScale Power in the third quarter valued at about $44,000. 78.37% of the stock is owned by institutional investors and hedge funds.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.