X-Energy, Inc. (NASDAQ:XE) Short Interest Up 70.3% in June

X-Energy, Inc. (NASDAQ:XE) saw a large increase in short interest in the month of 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. Based on an average trading volume of 4,754,075 shares, the short-interest ratio is presently 2.3 days. Currently, 2.7% of the shares of the company are short sold.

Insider Buying and Selling

In other news, CAO Laura Garcia purchased 1,200 shares of the stock in a transaction on Monday, April 27th. The shares were acquired 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 directly 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 SEC, which is available through the SEC website. Also, Director Kathleen W. Hyle purchased 10,000 shares of the company’s stock in a transaction on Monday, April 27th. The stock was purchased at an average price of $23.00 per share, with a total value of $230,000.00. Following the completion of the transaction, the director owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This trade represents a 8.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 12,300 shares of company stock worth $282,900.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Cantor Fitzgerald began coverage on shares of X-Energy in a report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 target price for the company. Morgan Stanley assumed coverage on X-Energy in a report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price target on the stock. Guggenheim initiated coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “buy” rating and a $57.00 price objective for the company. JPMorgan Chase & Co. started coverage on X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 target price for the company. Finally, TD Cowen reissued a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.86.

X-Energy Trading Down 7.0%

Shares of XE stock opened at $17.27 on Friday. X-Energy has a 1 year low of $17.22 and a 1 year high of $37.10. The company’s 50 day moving average is $25.34.

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.