X-Energy, Inc. (NASDAQ:XE) Short Interest Update

X-Energy, Inc. (NASDAQ:XE) was the recipient of a significant increase in short interest in 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. Approximately 2.7% of the company’s stock are sold short. Based on an average trading volume of 4,754,075 shares, the days-to-cover ratio is currently 2.3 days.

X-Energy Trading Down 5.1%

XE stock traded down $0.95 on Thursday, reaching $17.61. 3,211,133 shares of the company were exchanged, compared to its average volume of 5,807,735. X-Energy has a 12 month low of $17.37 and a 12 month high of $37.10. The company has a fifty day simple moving average of $25.51.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on XE shares. UBS Group dropped their price target on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley began coverage on shares of X-Energy in a report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price objective for the company. Guggenheim initiated coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a “buy” rating and a $57.00 target price on the stock. Wall Street Zen lowered shares of X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of X-Energy in a report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price target for the company. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.86.

Insiders Place Their Bets

In related news, Director Kathleen W. Hyle acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average cost of $23.00 per share, with a total value of $230,000.00. Following the purchase, the director owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. The trade was a 8.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Laura Garcia bought 1,200 shares of X-Energy stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average price of $23.00 per share, with a total value of $27,600.00. Following the completion of the acquisition, the chief accounting officer owned 196,822 shares in the company, valued at approximately $4,526,906. The trade was a 0.61% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 12,300 shares of company stock worth $282,900 in the last 90 days.

About X-Energy

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.