Oklo Inc. (NYSE:OKLO) Short Interest Update

Oklo Inc. (NYSE:OKLO) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 11,840,000 shares, a decrease of 21.5% from the December 15th total of 15,090,000 shares. Currently, 19.1% of the company’s stock are short sold. Based on an average daily trading volume, of 19,120,000 shares, the short-interest ratio is currently 0.6 days.

Insider Buying and Selling

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $19.95 per share, with a total value of $99,750.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Kozak & Associates Inc. purchased a new position in shares of Oklo during the fourth quarter worth about $57,000. Barclays PLC acquired a new stake in Oklo in the third quarter valued at about $58,000. Y Intercept Hong Kong Ltd purchased a new stake in Oklo in the 3rd quarter valued at approximately $94,000. Wolff Wiese Magana LLC acquired a new position in Oklo during the 4th quarter worth approximately $99,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Oklo during the 3rd quarter worth approximately $100,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

OKLO has been the subject of several recent analyst reports. Wedbush assumed coverage on shares of Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price objective for the company. Citigroup lifted their price target on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Finally, B. Riley started coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company.

Oklo Trading Up 7.7 %

Shares of NYSE OKLO traded up $1.86 during mid-day trading on Friday, reaching $26.09. The company had a trading volume of 12,775,086 shares, compared to its average volume of 14,259,286. The firm has a 50 day simple moving average of $22.44 and a two-hundred day simple moving average of $14.47. Oklo has a 52-week low of $5.35 and a 52-week high of $31.91.

Oklo Company Profile

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.