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 February. As of February 15th, there was short interest totalling 11,580,000 shares, a drop of 16.0% from the January 31st total of 13,780,000 shares. Based on an average daily volume of 17,600,000 shares, the short-interest ratio is presently 0.7 days. Currently, 13.9% of the shares of the company are short sold.

Insider Buying and Selling

In related news, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Kinzley bought 5,000 shares of Oklo stock in a transaction dated Monday, December 23rd. The shares were bought 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 owns 5,000 shares in the company, valued at $99,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oklo

A number of large investors have recently modified their holdings of the company. DRW Securities LLC bought a new position in shares of Oklo in the third quarter valued at $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought 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 position in Oklo during the 3rd quarter valued at about $104,000. Portland Investment Counsel Inc. bought a new stake in Oklo during the 3rd quarter worth approximately $6,493,000. Finally, Atom Investors LP purchased a new stake in shares of Oklo in the third quarter worth approximately $657,000. 85.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OKLO has been the subject of a number of research analyst reports. Citigroup raised their target price on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Craig Hallum initiated coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Wedbush upped their target price on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, B. Riley lifted 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. Two investment 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, Oklo presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Oklo Stock Performance

Oklo stock traded down $0.69 during midday trading on Wednesday, reaching $30.23. The stock had a trading volume of 10,267,243 shares, compared to its average volume of 19,645,813. The company has a fifty day moving average price of $35.37 and a two-hundred day moving average price of $22.18. Oklo has a 12 month low of $5.35 and a 12 month high of $59.14.

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.