Oklo Inc. (NYSE:OKLO) Short Interest Up 19.1% in March

Oklo Inc. (NYSE:OKLO) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 14,160,000 shares, an increase of 19.1% from the February 28th total of 11,890,000 shares. Approximately 17.0% of the shares of the stock are short sold. Based on an average daily volume of 18,320,000 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

Several analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Craig Hallum started coverage on Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price for the company. Finally, Citigroup decreased their price target on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.25.

Oklo Stock Down 2.6 %

Shares of NYSE OKLO opened at $22.10 on Friday. The stock has a market capitalization of $3.07 billion, a PE ratio of -2.18 and a beta of -0.28. The firm has a fifty day moving average of $35.27 and a 200-day moving average of $24.94. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Equities research analysts expect that Oklo will post -8.2 EPS for the current fiscal year.

Insider Transactions at Oklo

In other news, Director John M. Jansen bought 6,000 shares of Oklo stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at approximately $147,420. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the sale, the chief executive officer now directly owns 11,033,561 shares in the company, valued at $277,494,059.15. This represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

A number of institutional investors have recently modified their holdings of OKLO. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Oklo during the third quarter worth approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Oklo during the 3rd quarter worth $104,000. Atom Investors LP acquired a new stake in Oklo in the 3rd quarter valued at $657,000. HITE Hedge Asset Management LLC purchased a new position in Oklo in the third quarter valued at about $19,753,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Oklo during the third quarter worth about $1,023,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

About Oklo

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.