Short Interest in NuScale Power Co. (NYSE:SMR) Expands By 17.4%

NuScale Power Co. (NYSE:SMR) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 21,610,000 shares, a growth of 17.4% from the January 15th total of 18,410,000 shares. Approximately 21.4% of the shares of the stock are sold short. Based on an average daily volume of 11,420,000 shares, the short-interest ratio is presently 1.9 days.

Insider Transactions at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares of the company’s stock, valued at approximately $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Several institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in shares of NuScale Power by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock worth $191,000 after purchasing an additional 656 shares during the period. Catalina Capital Group LLC boosted its holdings in shares of NuScale Power by 6.8% during the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after purchasing an additional 809 shares during the period. HighTower Advisors LLC boosted its holdings in shares of NuScale Power by 7.3% during the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after purchasing an additional 820 shares during the period. Amalgamated Bank boosted its holdings in shares of NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after purchasing an additional 986 shares during the period. Finally, Indie Asset Partners LLC raised its position in NuScale Power by 7.1% during the third quarter. Indie Asset Partners LLC now owns 18,800 shares of the company’s stock valued at $218,000 after acquiring an additional 1,250 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Trading Down 6.7 %

Shares of SMR traded down $1.64 during midday trading on Monday, hitting $23.07. The stock had a trading volume of 9,524,849 shares, compared to its average volume of 12,315,810. NuScale Power has a fifty-two week low of $2.47 and a fifty-two week high of $32.30. The business has a 50-day simple moving average of $22.06 and a two-hundred day simple moving average of $17.71. The firm has a market cap of $5.89 billion, a P/E ratio of -24.28 and a beta of 1.51. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.