NuScale Power Co. (NYSE:SMR) Sees Significant Increase in Short Interest

NuScale Power Co. (NYSE:SMR - Get Free Report) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 21,610,000 shares, a growth of 17.4% from the January 15th total of 18,410,000 shares. Approximately 21.4% of the shares of the company are sold short. Based on an average trading volume of 11,420,000 shares, the short-interest ratio is currently 1.9 days.

NuScale Power Price Performance

Shares of SMR traded down $0.34 during trading hours on Thursday, reaching $20.80. The company had a trading volume of 10,230,537 shares, compared to its average volume of 12,262,692. 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 firm has a 50 day simple moving average of $22.00 and a 200-day simple moving average of $17.94. NuScale Power has a 12-month low of $2.47 and a 12-month high of $32.30. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of -21.89 and a beta of 1.51.

Insider Transactions at NuScale Power

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the transaction, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This trade represents a 95.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the 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 completion of the transaction, the vice president now owns 3,801 shares of the company's stock, valued at $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.96% of the company's stock.

Institutional Investors Weigh In On NuScale Power

Several hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC acquired a new stake in shares of NuScale Power in the fourth quarter worth approximately $33,000. Venturi Wealth Management LLC raised its stake in shares of NuScale Power by 313.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after acquiring an additional 1,500 shares during the period. Toth Financial Advisory Corp raised its stake in shares of NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after acquiring an additional 1,800 shares during the period. Twin Tree Management LP purchased a new position in shares of NuScale Power in the 4th quarter valued at $42,000. Finally, Amalgamated Bank raised its stake in shares of NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after acquiring an additional 986 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.

About NuScale Power

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.