Short Interest in Oklo Inc. (NYSE:OKLO) Decreases By 16.0%

Oklo Inc. (NYSE:OKLO - Get Free Report) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 11,580,000 shares, a decrease of 16.0% from the January 31st total of 13,780,000 shares. Based on an average daily trading volume, of 17,600,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 13.9% of the company's stock are sold short.

Oklo Stock Up 1.1 %

OKLO stock traded up $0.29 during trading hours on Friday, hitting $26.26. 12,012,151 shares of the stock were exchanged, compared to its average volume of 19,357,191. The company has a 50-day simple moving average of $35.61 and a two-hundred day simple moving average of $22.50. Oklo has a 12 month low of $5.35 and a 12 month high of $59.14.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. B. Riley increased 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. Craig Hallum initiated coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target on the stock. Citigroup increased their price objective on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Finally, Wedbush increased their price objective on Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. 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, Oklo has an average rating of "Moderate Buy" and a consensus price target of $44.50.

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Insider Activity

In other Oklo news, Director Richard Kinzley purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the sale, the chief executive officer now owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Portland Investment Counsel Inc. bought a new position in shares of Oklo in the third quarter worth $6,493,000. HITE Hedge Asset Management LLC bought a new position in shares of Oklo in the third quarter worth $19,753,000. Atomi Financial Group Inc. bought a new position in shares of Oklo in the fourth quarter worth $19,285,000. Archford Capital Strategies LLC bought a new position in shares of Oklo in the fourth quarter worth $212,000. Finally, Barclays PLC bought a new position in shares of Oklo in the third quarter worth $58,000. Institutional investors own 85.03% of the company's stock.

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.