Oklo Inc. (NYSE:OKLO) Short Interest Up 19.1% in March

Oklo Inc. (NYSE:OKLO) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 14,160,000 shares, an increase of 19.1% from the February 28th total of 11,890,000 shares. Approximately 17.0% of the company’s stock are short sold. Based on an average daily trading volume, of 18,320,000 shares, the days-to-cover ratio is presently 0.8 days.

Analysts Set New Price Targets

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

Oklo Price Performance

Oklo stock traded up $0.05 during midday trading on Thursday, reaching $22.75. The company had a trading volume of 8,096,375 shares, compared to its average volume of 11,680,363. The firm’s fifty day simple moving average is $35.61 and its 200-day simple moving average is $24.96. The company has a market capitalization of $3.16 billion, a P/E ratio of -2.25 and a beta of -0.28. Oklo has a 12-month low of $5.35 and a 12-month high of $59.14.

Oklo (NYSE:OKLO) last released its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). On average, analysts expect that Oklo will post -8.2 EPS for the current fiscal year.

Insider Buying and Selling at Oklo

In related news, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of the sale, the chief executive officer now owns 11,033,561 shares of the company’s stock, valued at $277,494,059.15. The trade was a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John M. Jansen purchased 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at $147,420. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oklo

Several hedge funds have recently added to or reduced their stakes in OKLO. Barclays PLC boosted its holdings in shares of Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock valued at $163,000 after buying an additional 416 shares in the last quarter. Ancora Advisors LLC boosted its stake in Oklo by 18.2% in the fourth quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock valued at $98,000 after acquiring an additional 710 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Oklo during the fourth quarter worth about $27,000. CoreCap Advisors LLC purchased a new position in shares of Oklo during the fourth quarter worth about $32,000. Finally, Sandy Spring Bank acquired a new stake in shares of Oklo during the fourth quarter worth about $32,000. 85.03% of the stock is currently owned by hedge funds and other 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.