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

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

X-Energy Trading Down 6.7%

XE stock traded down $1.96 during midday trading on Friday, hitting $27.30. 5,080,962 shares of the company’s stock were exchanged, compared to its average volume of 8,132,145. X-Energy has a one year low of $26.90 and a one year high of $37.10.

Insider Buying and Selling at X-Energy

In related news, CAO Laura Garcia purchased 1,200 shares of X-Energy stock in a transaction dated Monday, April 27th. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the transaction, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kathleen W. Hyle purchased 10,000 shares of X-Energy stock in a transaction dated Monday, April 27th. The stock was bought at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the transaction, the director directly owned 127,640 shares in the company, valued at $2,935,720. The trade was a 8.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 12,300 shares of company stock valued at $282,900 over the last three months.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded X-Energy to a “hold” rating in a research report 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.