Oklo Inc. (NYSE:OKLO) Sees Significant Growth in Short Interest

Oklo Inc. (NYSE:OKLO - Get Free Report) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 15,090,000 shares, an increase of 19.6% from the November 30th total of 12,620,000 shares. Based on an average trading volume of 17,590,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 20.9% of the company's stock are short sold.

Analyst Ratings Changes

A number of equities analysts have weighed in on OKLO shares. Seaport Res Ptn upgraded Oklo to a "hold" rating in a research note on Friday, September 6th. Citigroup reduced their price target on Oklo from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. Wedbush initiated coverage on Oklo in a research report on Thursday, December 19th. They issued an "outperform" rating and a $26.00 price objective on the stock. Finally, B. Riley began coverage on shares of Oklo in a report on Thursday, September 19th. They set a "buy" rating and a $10.00 target price for the company.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $99,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company's stock.

Institutional Trading of Oklo

Institutional investors and hedge funds have recently made changes to their positions in the business. DRW Securities LLC acquired a new stake in shares of Oklo in the third quarter valued at about $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Oklo in the 3rd quarter valued at about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Oklo in the 3rd quarter worth about $104,000. Portland Investment Counsel Inc. purchased a new stake in Oklo during the 3rd quarter worth approximately $6,493,000. Finally, Atom Investors LP acquired a new position in shares of Oklo during the third quarter valued at approximately $657,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Price Performance

Shares of Oklo stock traded down $2.42 on Tuesday, hitting $21.23. The company's stock had a trading volume of 15,619,316 shares, compared to its average volume of 6,355,441. The firm has a fifty day moving average price of $21.64 and a 200-day moving average price of $13.20. Oklo has a 1 year low of $5.35 and a 1 year high of $28.12.

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.

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