X-Energy, Inc. (NASDAQ:XE) Sees Large Increase in Short Interest

X-Energy, Inc. (NASDAQ:XE) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 3,510,749 shares, an increase of ∞ from the April 15th total of 0 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average trading volume of 9,791,376 shares, the short-interest ratio is currently 0.4 days.

Insider Activity

In other news, Director Kathleen W. Hyle purchased 10,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were purchased at an average price of $23.00 per share, with a total value of $230,000.00. Following the purchase, the director directly owned 127,640 shares of the company’s stock, valued at $2,935,720. This trade represents a 8.50% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Laura Garcia purchased 1,200 shares of the company’s stock in a transaction on Monday, April 27th. The stock was purchased at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the purchase, the chief accounting officer directly owned 196,822 shares in the company, valued at approximately $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 12,300 shares of company stock worth $282,900.

X-Energy Stock Down 6.7%

Shares of NASDAQ:XE traded down $1.96 during midday trading on Friday, reaching $27.30. The company had a trading volume of 5,080,962 shares, compared to its average volume of 8,132,145. X-Energy has a 1-year low of $26.90 and a 1-year high of $37.10.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised X-Energy to a “hold” rating in a research note on Saturday, May 2nd.

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.