Oklo Inc. (NYSE:OKLO) Short Interest Update

Oklo Inc. (NYSE:OKLO - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 14,160,000 shares, a growth of 19.1% from the February 28th total of 11,890,000 shares. Based on an average daily volume of 18,320,000 shares, the short-interest ratio is currently 0.8 days. Currently, 17.0% of the company's shares are short sold.

Oklo Stock Down 9.4 %

Shares of Oklo stock traded down $2.06 during midday trading on Friday, hitting $19.83. The company had a trading volume of 17,468,789 shares, compared to its average volume of 11,717,151. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -1.96 and a beta of -0.01. Oklo has a 12-month low of $5.35 and a 12-month high of $59.14. The company has a fifty day simple moving average of $34.83 and a 200 day simple moving average of $25.30.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). As a group, analysts expect that Oklo will post -8.2 EPS for the current year.

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares of the company's stock, valued at approximately $277,494,059.15. This represents a 0.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John M. Jansen acquired 6,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at $147,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is owned by company insiders.

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Hedge Funds Weigh In On Oklo

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of Oklo by 5.7% during the fourth quarter. Barclays PLC now owns 7,666 shares of the company's stock worth $163,000 after purchasing an additional 416 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of Oklo by 18.2% during the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company's stock valued at $98,000 after buying an additional 710 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Oklo in the 4th quarter valued at about $27,000. CoreCap Advisors LLC purchased a new stake in shares of Oklo in the fourth quarter worth about $32,000. Finally, Sandy Spring Bank acquired a new stake in Oklo during the fourth quarter worth about $32,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OKLO has been the subject of several recent research reports. B. Riley boosted their price target on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Craig Hallum initiated coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 target price for the company. Wedbush restated an "outperform" rating and issued a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Finally, Citigroup reduced their price objective on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $44.25.

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.