X-Energy, Inc. (NASDAQ:XE) Short Interest Update

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 daily volume of 4,754,075 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.7% of the shares of the stock are sold short.

X-Energy Price Performance

Shares of XE stock traded down $0.95 during trading hours on Thursday, reaching $17.61. 3,211,133 shares of the stock traded hands, compared to its average volume of 5,807,735. X-Energy has a 1-year low of $17.37 and a 1-year high of $37.10. The firm has a fifty day moving average of $25.51.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XE shares. UBS Group lowered their price objective on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday. Guggenheim began coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set a “buy” rating and a $57.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 price target on the stock. Cantor Fitzgerald assumed coverage on X-Energy in a report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price target on the stock. Finally, Zacks Research upgraded X-Energy to a “hold” rating in a research report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, X-Energy currently has an average rating of “Moderate Buy” and a consensus price target of $37.86.

Insider Buying and Selling at X-Energy

In other news, Director Kathleen W. Hyle acquired 10,000 shares of the company’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 $230,000.00. Following the purchase, the director owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This represents a 8.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Laura Garcia bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average cost of $23.00 per share, with a total value of $27,600.00. Following the purchase, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. This represents a 0.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 12,300 shares of company stock worth $282,900.

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.