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

Oklo Inc. (NYSE:OKLO) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 16,969,485 shares, a decrease of 17.9% from the December 15th total of 20,667,407 shares. Currently, 13.4% of the company’s stock 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 stock are sold short.

Oklo Price Performance

OKLO stock opened at $94.85 on Monday. 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 has a fifty day moving average price of $91.49 and a two-hundred day moving average price of $94.75. Oklo has a one year low of $17.42 and a one year high of $193.84.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter last year, the business posted ($0.08) EPS. Research analysts anticipate that Oklo will post -8.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OKLO has been the topic of several recent research reports. Barclays set a $146.00 price target on shares of Oklo in a research note on Monday, September 29th. Wedbush restated an “outperform” rating on shares of Oklo in a report on Friday, January 9th. Zacks Research upgraded Oklo from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Canaccord Genuity Group assumed coverage on Oklo in a research report on Thursday, October 9th. They set a “buy” rating and a $175.00 price target for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $102.13.

Insider Buying and Selling

In related news, CFO Richard Craig Bealmear sold 69,841 shares of Oklo stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $78.40, for a total value of $5,475,534.40. Following the sale, the chief financial officer owned 202,072 shares of the company’s stock, valued at approximately $15,842,444.80. This trade represents a 25.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 840,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00. Following the completion of the sale, the chief executive officer owned 1,580,000 shares in the company, valued at $130,065,600. The trade was a 34.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,552,800 shares of company stock worth $137,543,426. 18.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oklo

Institutional investors have recently modified their holdings of the business. Armstrong Advisory Group Inc. acquired a new stake in Oklo in the 3rd quarter worth about $27,000. Gables Capital Management Inc. acquired a new position in Oklo in the 3rd quarter valued at $28,000. Nemes Rush Group LLC bought a new stake in shares of Oklo during the 3rd quarter valued at $28,000. CI Investments Inc. grew its holdings in shares of Oklo by 153.0% during the 3rd quarter. CI Investments Inc. now owns 296 shares of the company’s stock worth $33,000 after purchasing an additional 179 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Oklo in the third quarter valued at about $33,000. Institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

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.