X-Energy, Inc. (NASDAQ:XE) Short Interest Up 112.4% in May

X-Energy, Inc. (NASDAQ:XE) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 7,456,188 shares, a growth of 112.4% from the April 30th total of 3,510,749 shares. Based on an average daily volume of 5,007,102 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.9% of the shares of the company are sold short.

Insider Activity at X-Energy

In other news, CAO Laura Garcia acquired 1,200 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were bought at an average price of $23.00 per share, with a total value of $27,600.00. Following the acquisition, the chief accounting officer owned 196,822 shares of the company’s stock, valued at $4,526,906. This trade represents a 0.61% 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, Director Kathleen W. Hyle acquired 10,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the acquisition, the director directly owned 127,640 shares in the company, valued at $2,935,720. This represents a 8.50% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 12,300 shares of company stock worth $282,900 in the last three months.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on XE shares. Guggenheim started coverage on X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $57.00 target price for the company. Wolfe Research started coverage on X-Energy in a research report on Tuesday, May 19th. They set a “peer perform” rating for the company. TD Cowen started coverage on X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $35.00 target price for the company. UBS Group started coverage on X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $40.00 target price for the company. Finally, Jefferies Financial Group assumed coverage on X-Energy in a research report on Tuesday, May 19th. They set a “hold” rating and a $28.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.57.

X-Energy Stock Performance

NASDAQ:XE traded down $0.47 on Tuesday, hitting $26.44. The company’s stock had a trading volume of 2,609,348 shares, compared to its average volume of 6,328,758. X-Energy has a one year low of $25.06 and a one year high of $37.10.

X-Energy Company Profile

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.