Short Interest in NuScale Power Co. (NYSE:SMR) Expands By 17.4%

NuScale Power Co. (NYSE:SMR) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 21,610,000 shares, an increase of 17.4% from the January 15th total of 18,410,000 shares. Currently, 21.4% of the company’s shares are sold short. Based on an average daily trading volume, of 11,420,000 shares, the days-to-cover ratio is currently 1.9 days.

Insiders Place Their Bets

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

Institutional Trading of NuScale Power

Institutional investors and hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC acquired a new stake in shares of NuScale Power during the fourth quarter worth $33,000. Venturi Wealth Management LLC raised its holdings in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after purchasing an additional 1,500 shares during the period. Toth Financial Advisory Corp raised its holdings in shares of NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after purchasing an additional 1,800 shares during the period. Twin Tree Management LP acquired a new stake in shares of NuScale Power during the fourth quarter worth $42,000. Finally, Amalgamated Bank raised its holdings in shares of NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after purchasing an additional 986 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.

NuScale Power Stock Down 6.7 %

SMR traded down $1.64 during trading on Monday, hitting $23.07. The company had a trading volume of 9,524,849 shares, compared to its average volume of 12,315,810. The company has a market cap of $5.89 billion, a PE ratio of -24.28 and a beta of 1.51. The business has a 50-day moving average of $22.06 and a 200-day moving average of $17.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. NuScale Power has a 1-year low of $2.47 and a 1-year high of $32.30.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.