Short Interest in NuScale Power Corporation (NYSE:SMR) Decreases By 12.6%

NuScale Power Corporation (NYSE:SMR) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 32,587,015 shares, a drop of 12.6% from the December 31st total of 37,289,418 shares. Currently, 11.1% of the company’s stock are sold short. Based on an average daily trading volume, of 34,913,517 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 34,913,517 shares, the days-to-cover ratio is currently 0.9 days. Currently, 11.1% of the company’s stock are sold short.

NuScale Power Price Performance

Shares of NYSE:SMR opened at $16.42 on Tuesday. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of -5.74 and a beta of 2.13. NuScale Power has a 12 month low of $11.08 and a 12 month high of $57.42. The stock’s 50 day moving average price is $18.42 and its 200 day moving average price is $31.12.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The firm had revenue of $8.24 million for the quarter, compared to analyst estimates of $11.29 million. During the same period in the previous year, the firm earned ($0.18) earnings per share. NuScale Power’s revenue was up 1635.2% on a year-over-year basis. On average, sell-side analysts expect that NuScale Power will post -0.73 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup reissued a “sell” rating and issued a $37.50 target price (down previously from $46.00) on shares of NuScale Power in a research report on Tuesday, October 21st. Wall Street Zen lowered NuScale Power from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research note on Monday, December 29th. Texas Capital upgraded NuScale Power to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada set a $21.00 price target on NuScale Power in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.42.

Insider Buying and Selling

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of NuScale Power stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $22.17, for a total transaction of $886,800.00. Following the sale, the chief financial officer owned 46,283 shares in the company, valued at $1,026,094.11. This trade represents a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of NuScale Power by 40.5% during the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after buying an additional 4,482,254 shares during the period. Clear Street Group Inc. acquired a new position in shares of NuScale Power in the third quarter worth $155,616,000. Samsung C&T Corp raised its holdings in shares of NuScale Power by 98.9% during the third quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after acquiring an additional 2,578,702 shares in the last quarter. Van ECK Associates Corp boosted its position in NuScale Power by 67.2% during the third quarter. Van ECK Associates Corp now owns 5,287,814 shares of the company’s stock valued at $190,362,000 after purchasing an additional 2,125,250 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NuScale Power by 1,220.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after purchasing an additional 1,705,411 shares in the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

NuScale Power Company Profile

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.