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

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

Insider Buying and Selling

In other X-Energy news, CAO Laura Garcia bought 1,200 shares of X-Energy stock in a transaction on Monday, April 27th. The stock was acquired at an average cost 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. This represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathleen W. Hyle bought 10,000 shares of X-Energy stock in a transaction 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 completion of the acquisition, the director owned 127,640 shares of the company’s stock, valued at $2,935,720. The trade was a 8.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 12,300 shares of company stock valued at $282,900.

Analyst Ratings Changes

A number of analysts have recently issued reports on XE shares. Jefferies Financial Group started coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued a “hold” rating and a $28.00 price objective for the company. Morgan Stanley started coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price objective for the company. UBS Group started coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued a “buy” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 price objective for the company. Finally, Wolfe Research started coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued a “peer perform” rating for the company. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, X-Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.57.

X-Energy Price Performance

Shares of NASDAQ XE opened at $26.91 on Monday. X-Energy has a 1 year low of $25.06 and a 1 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.