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

Nauticus Robotics, Inc. (NASDAQ:KITT) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 4,100,000 shares, an increase of 88.9% from the February 28th total of 2,170,000 shares. Currently, 15.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,300,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. DnB Asset Management AS bought a new position in Nauticus Robotics, Inc. (NASDAQ:KITT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 52,880 shares of the company’s stock, valued at approximately $82,000. DnB Asset Management AS owned about 0.82% of Nauticus Robotics at the end of the most recent reporting period. 20.50% of the stock is owned by institutional investors and hedge funds.

Nauticus Robotics Stock Up 1.0 %

Shares of NASDAQ KITT traded up $0.01 during trading hours on Friday, reaching $1.00. 756,171 shares of the stock traded hands, compared to its average volume of 3,127,893. The company’s 50-day simple moving average is $1.41 and its two-hundred day simple moving average is $1.46. Nauticus Robotics has a 52-week low of $0.82 and a 52-week high of $14.85. The company has a market capitalization of $6.41 million, a P/E ratio of -0.02 and a beta of -0.02.

Nauticus Robotics Company Profile

Nauticus Robotics, Inc develops ocean robots, cloud software, and services to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; Olympic Arm, an all-electric manipulator designed for a variety of intervention tasks on work class remotely operated vehicles; and ToolKITT, a software platform, which consists of interrelated products for ocean sensing, manipulation, autonomous behaviors, survey, search and recovery, and manual intervention.