Short Interest in Oklo Inc. (NYSE:OKLO) Declines By 17.9%

Oklo Inc. (NYSE:OKLO) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 16,969,485 shares, a drop of 17.9% from the December 15th total of 20,667,407 shares. Currently, 13.4% of the company’s shares are sold short. Based on an average daily trading volume, of 8,443,593 shares, the short-interest ratio is presently 2.0 days. Based on an average daily trading volume, of 8,443,593 shares, the short-interest ratio is presently 2.0 days. Currently, 13.4% of the company’s shares are sold short.

Analyst Ratings Changes

Several brokerages recently weighed in on OKLO. B. Riley increased their price objective on shares of Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $122.00 price target on shares of Oklo in a research note on Wednesday, November 12th. UBS Group restated a “neutral” rating on shares of Oklo in a research report on Monday, January 12th. Canaccord Genuity Group initiated coverage on Oklo in a report on Thursday, October 9th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Zacks Research raised Oklo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Oklo presently has an average rating of “Hold” and a consensus target price of $102.13.

Insider Buying and Selling at Oklo

In related news, CFO Richard Craig Bealmear sold 5,159 shares of Oklo stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $76.97, for a total value of $397,088.23. Following the completion of the sale, the chief financial officer directly owned 196,913 shares in the company, valued at $15,156,393.61. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 26,740 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $111.38, for a total transaction of $2,978,301.20. Following the transaction, the chief executive officer owned 808,197 shares in the company, valued at approximately $90,016,981.86. The trade was a 3.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,552,800 shares of company stock valued at $137,543,426 over the last three months. Insiders own 18.90% of the company’s stock.

Institutional Trading of Oklo

Several hedge funds have recently bought and sold shares of the stock. MRA Advisory Group boosted its holdings in shares of Oklo by 16.9% in the fourth quarter. MRA Advisory Group now owns 20,925 shares of the company’s stock valued at $1,502,000 after buying an additional 3,029 shares during the period. Aberdeen Group plc bought a new stake in Oklo in the 4th quarter valued at $679,000. Formidable Asset Management LLC bought a new stake in Oklo in the 4th quarter valued at $239,000. Nisa Investment Advisors LLC boosted its stake in Oklo by 10.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,404 shares of the company’s stock worth $890,000 after purchasing an additional 1,217 shares during the period. Finally, Nikulski Financial Inc. bought a new position in Oklo during the 4th quarter worth about $299,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Stock Up 3.7%

Shares of NYSE OKLO opened at $94.85 on Monday. Oklo has a twelve month low of $17.42 and a twelve month high of $193.84. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of -175.65 and a beta of 0.76. The company’s fifty day moving average is $91.49 and its 200-day moving average is $94.75.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same period last year, the business earned ($0.08) earnings per share. On average, research analysts anticipate that Oklo will post -8.2 EPS for the current fiscal year.

About Oklo

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.