NuScale Power Co. (NYSE:SMR) Short Interest Update

NuScale Power Co. (NYSE:SMR) was the recipient of a large growth in short interest in 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. Based on an average daily trading volume, of 11,420,000 shares, the short-interest ratio is presently 1.9 days. Currently, 21.4% of the shares of the stock are sold short.

Insider Activity at NuScale Power

In related news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares of the company’s stock, valued at $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SMR. The Manufacturers Life Insurance Company lifted its position in shares of NuScale Power by 37.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,549 shares of the company’s stock valued at $345,000 after acquiring an additional 8,096 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of NuScale Power in the second quarter valued at $177,000. CWM LLC boosted its position in shares of NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after buying an additional 5,191 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of NuScale Power by 40.9% during the third quarter. Exchange Traded Concepts LLC now owns 74,835 shares of the company’s stock valued at $867,000 after buying an additional 21,718 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in NuScale Power during the third quarter valued at $175,000. Institutional investors own 78.37% of the company’s stock.

NuScale Power Price Performance

Shares of NYSE SMR traded down $1.64 during midday trading on Monday, reaching $23.07. The company’s stock had a trading volume of 9,524,849 shares, compared to its average volume of 12,315,810. The company has a market cap of $5.89 billion, a price-to-earnings ratio of -24.28 and a beta of 1.51. NuScale Power has a one year low of $2.47 and a one year high of $32.30. 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 company has a 50 day moving average price of $22.06 and a 200 day moving average price of $17.71.

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.