Short Interest in X-Energy, Inc. (NASDAQ:XE) Grows By 70.3%

X-Energy, Inc. (NASDAQ:XE) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 11,091,656 shares, an increase of 70.3% from the May 31st total of 6,511,792 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 4,754,075 shares, the short-interest ratio is currently 2.3 days.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. TD Cowen restated a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. Morgan Stanley assumed coverage on X-Energy in a report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price target on the stock. UBS Group cut their price objective on X-Energy from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday. Wolfe Research initiated coverage on X-Energy in a research report on Tuesday, May 19th. They set a “peer perform” rating for the company. Finally, Wall Street Zen cut X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, X-Energy presently has a consensus rating of “Moderate Buy” and an average price target of $37.86.

Insider Activity at X-Energy

In related news, CAO Laura Garcia purchased 1,200 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was acquired at an average price of $23.00 per share, for a total transaction of $27,600.00. Following the completion of the acquisition, the chief accounting officer owned 196,822 shares of the company’s stock, valued at $4,526,906. This represents a 0.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen W. Hyle acquired 10,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were bought at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the purchase, the director owned 127,640 shares in the company, valued at approximately $2,935,720. This represents a 8.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 12,300 shares of company stock worth $282,900.

X-Energy Price Performance

X-Energy stock opened at $17.27 on Friday. The company’s 50 day moving average is $25.17. X-Energy has a twelve month low of $17.22 and a twelve month high of $37.10.

X-Energy Company Profile

X-Energy (NASDAQ: XE) is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy’s technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company’s activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.