KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Sees Large Growth in Short Interest

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 30,010,000 shares, a growth of 33.1% from the March 15th total of 22,550,000 shares. Based on an average daily volume of 16,430,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 12.3% of the shares of the company are short sold.

Institutional Investors Weigh In On KULR Technology Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Gotham Asset Management LLC purchased a new stake in KULR Technology Group during the 4th quarter worth approximately $39,000. Brevan Howard Capital Management LP purchased a new stake in shares of KULR Technology Group during the fourth quarter worth approximately $41,000. Kellett Wealth Advisors LLC acquired a new position in KULR Technology Group in the 4th quarter valued at $43,000. International Assets Investment Management LLC acquired a new stake in KULR Technology Group during the 4th quarter worth $56,000. Finally, Alteri Wealth LLC purchased a new stake in shares of KULR Technology Group during the fourth quarter worth $57,000. Institutional investors and hedge funds own 21.23% of the company’s stock.

KULR Technology Group Price Performance

NYSEAMERICAN KULR traded down $0.06 during trading hours on Friday, reaching $1.22. The company’s stock had a trading volume of 5,083,476 shares, compared to its average volume of 14,233,220. The firm has a market capitalization of $333.73 million, a price-to-earnings ratio of -10.17 and a beta of 2.34. The company’s 50-day moving average is $1.55 and its two-hundred day moving average is $1.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71. KULR Technology Group has a 1-year low of $0.20 and a 1-year high of $5.49.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of KULR Technology Group in a research report on Tuesday, March 18th.

KULR Technology Group Company Profile

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes.