KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Sees Significant Decrease in Short Interest

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 7,220,000 shares, a decline of 5.6% from the September 30th total of 7,650,000 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,990,000 shares, the short-interest ratio is presently 3.6 days.

KULR Technology Group Stock Performance

Shares of NYSEAMERICAN KULR traded down $0.00 during midday trading on Friday, hitting $0.28. 160,843 shares of the company traded hands, compared to its average volume of 5,128,518. The company has a current ratio of 0.62, a quick ratio of 0.53 and a debt-to-equity ratio of 0.07. KULR Technology Group has a 12-month low of $0.10 and a 12-month high of $0.90.

KULR Technology Group (NYSEAMERICAN:KULR) last released its earnings results on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $2.43 million during the quarter, compared to analysts’ expectations of $2.30 million. KULR Technology Group had a negative return on equity of 1,529.98% and a negative net margin of 226.61%. On average, analysts anticipate that KULR Technology Group will post -0.1 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Benchmark reiterated a “speculative buy” rating and issued a $1.00 target price on shares of KULR Technology Group in a research report on Tuesday, August 13th.

Institutional Trading of KULR Technology Group

A hedge fund recently bought a new stake in KULR Technology Group stock. XTX Topco Ltd purchased a new stake in shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 77,997 shares of the company’s stock, valued at approximately $31,000. Hedge funds and other institutional investors own 21.23% of the company’s stock.

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.