Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Update

Nauticus Robotics, Inc. (NASDAQ:KITT) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,775,005 shares, an increase of 59.5% from the January 15th total of 1,112,605 shares. Approximately 18.0% of the shares of the company are sold short. Based on an average daily volume of 7,479,885 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 7,479,885 shares, the short-interest ratio is presently 0.2 days. Approximately 18.0% of the shares of the company are sold short.

Insider Activity at Nauticus Robotics

In other Nauticus Robotics news, major shareholder International Ltd Transocean sold 28,185 shares of the business’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $0.90, for a total value of $25,366.50. Following the transaction, the insider directly owned 2,122,531 shares of the company’s stock, valued at approximately $1,910,277.90. The trade was a 1.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Ltd. Transocean sold 2,021,920 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $1.02, for a total transaction of $2,062,358.40. Following the completion of the sale, the insider owned 6,421 shares of the company’s stock, valued at $6,549.42. This trade represents a 99.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,144,295 shares of company stock valued at $2,161,720 in the last 90 days. Company insiders own 28.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of Nauticus Robotics by 743.2% during the second quarter. Geode Capital Management LLC now owns 357,669 shares of the company’s stock valued at $324,000 after acquiring an additional 315,251 shares during the last quarter. Osaic Holdings Inc. grew its position in Nauticus Robotics by 164.1% during the second quarter. Osaic Holdings Inc. now owns 90,190 shares of the company’s stock valued at $81,000 after acquiring an additional 56,035 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Nauticus Robotics during the fourth quarter worth about $90,000. 20.50% of the stock is owned by hedge funds and other institutional investors.

Nauticus Robotics Price Performance

KITT traded down $0.06 during trading on Friday, reaching $0.82. 1,842,751 shares of the stock were exchanged, compared to its average volume of 5,175,448. The company has a market capitalization of $11.20 million, a price-to-earnings ratio of 0.00 and a beta of -0.15. Nauticus Robotics has a 1 year low of $0.69 and a 1 year high of $14.85. The business’s 50 day moving average price is $0.95 and its two-hundred day moving average price is $2.90.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nauticus Robotics in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Nauticus Robotics

Nauticus Robotics, Inc (NASDAQ: KITT) is a maritime robotics company focused on developing and deploying uncrewed surface and subsea vessels for inspection, survey and maintenance applications. The company’s solutions combine purpose-built hardware with advanced autonomy software and sensor integration, allowing operators to conduct offshore and in-shore missions without personnel aboard. By digitizing routine vessel operations, Nauticus Robotics aims to reduce the time, cost and risk associated with traditional crewed marine services.

The company’s product portfolio includes modular uncrewed surface vessels (USVs) and remotely operated vehicles (ROVs) equipped with high-resolution sonar, cameras and other environmental sensors.