NuScale Power Corporation (NYSE:SMR) Short Interest Update

NuScale Power Corporation (NYSE:SMR) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 32,587,015 shares, a drop of 12.6% from the December 31st total of 37,289,418 shares. Based on an average daily volume of 34,913,517 shares, the days-to-cover ratio is currently 0.9 days. Approximately 11.1% of the shares of the company are sold short. Approximately 11.1% of the shares of the company are sold short. Based on an average daily volume of 34,913,517 shares, the days-to-cover ratio is currently 0.9 days.

Insider Activity at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 40,000 shares of NuScale Power stock in a transaction on Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the transaction, the chief financial officer directly owned 46,283 shares in the company, valued at $1,026,094.11. This trade represents a 46.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On NuScale Power

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in shares of NuScale Power by 623.4% in the 1st quarter. Royal Bank of Canada now owns 457,276 shares of the company’s stock worth $6,475,000 after buying an additional 394,065 shares during the period. AQR Capital Management LLC lifted its holdings in shares of NuScale Power by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 37,614 shares of the company’s stock valued at $533,000 after acquiring an additional 10,244 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in NuScale Power during the 1st quarter worth $390,000. Jones Financial Companies Lllp increased its holdings in NuScale Power by 9.1% in the 1st quarter. Jones Financial Companies Lllp now owns 16,793 shares of the company’s stock valued at $238,000 after purchasing an additional 1,394 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in NuScale Power by 1,220.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after purchasing an additional 1,705,411 shares during the period. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SMR. B. Riley decreased their price objective on shares of NuScale Power from $38.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. BNP Paribas Exane cut NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. UBS Group set a $20.00 price objective on NuScale Power in a report on Tuesday, November 25th. Texas Capital upgraded NuScale Power to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Bank of America upgraded NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, NuScale Power presently has an average rating of “Hold” and a consensus target price of $33.42.

NuScale Power Stock Down 6.0%

NYSE SMR opened at $16.42 on Tuesday. NuScale Power has a fifty-two week low of $11.08 and a fifty-two week high of $57.42. The business has a fifty day moving average of $18.42 and a 200-day moving average of $31.12. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of -5.74 and a beta of 2.13.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). The company had revenue of $8.24 million for the quarter, compared to analysts’ expectations of $11.29 million. NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The company’s revenue for the quarter was up 1635.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.18) EPS. As a group, analysts anticipate that NuScale Power will post -0.73 EPS for the current year.

About NuScale Power

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.