Oklo Sees Unusually High Options Volume (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) saw some unusual options trading on Monday. Traders acquired 37,384 call options on the company. This represents an increase of 32% compared to the typical daily volume of 28,414 call options.

Oklo Trading Up 14.6 %

Shares of NYSE:OKLO opened at $20.63 on Tuesday. Oklo has a 12 month low of $5.35 and a 12 month high of $28.12. The stock’s fifty day moving average is $14.60.

Hedge Funds Weigh In On Oklo

Several hedge funds have recently made changes to their positions in OKLO. Stifel Financial Corp purchased a new stake in shares of Oklo in the 3rd quarter valued at about $104,000. MML Investors Services LLC acquired a new position in Oklo during the third quarter worth approximately $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Oklo during the third quarter worth approximately $104,000. Y Intercept Hong Kong Ltd purchased a new stake in Oklo in the third quarter valued at approximately $94,000. Finally, National Bank of Canada FI acquired a new stake in shares of Oklo in the third quarter valued at approximately $105,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OKLO. Citigroup decreased their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. B. Riley assumed coverage on Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 target price for the company. Finally, Seaport Res Ptn raised Oklo to a “hold” rating in a report on Friday, September 6th.

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.