NuScale Power Co. (NYSE:SMR) Short Interest Update

NuScale Power Co. (NYSE:SMR - Get Free Report) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 18,640,000 shares, a drop of 16.2% from the November 15th total of 22,250,000 shares. Based on an average trading volume of 10,810,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 21.9% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

SMR has been the subject of a number of recent analyst reports. Craig Hallum lifted their price objective on NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. CLSA started coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an "outperform" rating and a $11.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, NuScale Power currently has an average rating of "Moderate Buy" and a consensus target price of $10.39.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, 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 transaction of $527,394.00. Following the sale, the vice president now directly owns 3,801 shares of the company's stock, valued at $110,229. This trade represents a 82.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert K. Temple sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $12.00, for a total transaction of $900,000.00. Following the completion of the transaction, the insider now directly owns 14,054 shares of the company's stock, valued at approximately $168,648. This represents a 84.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 422,237 shares of company stock worth $6,005,215. 1.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SMR. Geode Capital Management LLC lifted its holdings in NuScale Power by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company's stock worth $21,194,000 after buying an additional 317,285 shares in the last quarter. State Street Corp increased its position in NuScale Power by 10.2% in the third quarter. State Street Corp now owns 1,674,995 shares of the company's stock worth $19,396,000 after buying an additional 154,368 shares during the period. Van ECK Associates Corp grew its position in NuScale Power by 90.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company's stock worth $14,307,000 after purchasing an additional 585,292 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NuScale Power by 212.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock valued at $7,843,000 after purchasing an additional 460,487 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NuScale Power by 57.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company's stock valued at $4,074,000 after buying an additional 128,012 shares during the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

NuScale Power Trading Down 2.4 %

NYSE:SMR traded down $0.53 on Friday, hitting $21.13. 6,403,270 shares of the stock were exchanged, compared to its average volume of 6,497,815. The stock has a market cap of $5.40 billion, a PE ratio of -22.25 and a beta of 1.33. NuScale Power has a fifty-two week low of $1.88 and a fifty-two week high of $32.30. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $21.59 and a 200-day moving average of $14.04.

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.