Oklo Inc. (NYSE:OKLO - Get Free Report) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 12,620,000 shares, a decrease of 20.6% from the November 15th total of 15,890,000 shares. Based on an average daily trading volume, of 15,520,000 shares, the short-interest ratio is currently 0.8 days. Currently, 17.5% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on OKLO shares. Seaport Res Ptn raised shares of Oklo to a "hold" rating in a report on Friday, September 6th. B. Riley assumed coverage on Oklo in a report on Thursday, September 19th. They issued a "buy" rating and a $10.00 price objective for the company. Finally, Citigroup dropped their target price on Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th.
Check Out Our Latest Analysis on OKLO
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of OKLO. Peapack Gladstone Financial Corp purchased a new stake in shares of Oklo in the third quarter valued at approximately $100,000. Sanctuary Advisors LLC acquired a new stake in Oklo in the 3rd quarter valued at $100,000. Barclays PLC purchased a new stake in Oklo in the 3rd quarter worth $58,000. Geode Capital Management LLC acquired a new position in Oklo during the third quarter worth $5,971,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Oklo during the third quarter valued at $94,000. Institutional investors and hedge funds own 85.03% of the company's stock.
Oklo Stock Performance
Shares of OKLO traded up $0.16 during trading hours on Friday, hitting $18.53. The stock had a trading volume of 5,308,304 shares, compared to its average volume of 5,834,495. The firm has a 50-day moving average price of $19.74 and a 200 day moving average price of $12.15. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $28.12.
About Oklo
(
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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.
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