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

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 13,830,000 shares, a decline of 6.5% from the December 15th total of 14,790,000 shares. Based on an average daily volume of 34,410,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 6.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KULR. Maiden Cove Capital LLC purchased a new stake in shares of KULR Technology Group in the 4th quarter worth $71,000. International Assets Investment Management LLC bought a new stake in KULR Technology Group during the fourth quarter valued at about $56,000. Fortem Financial Group LLC purchased a new stake in KULR Technology Group in the fourth quarter worth about $298,000. Virtu Financial LLC bought a new position in shares of KULR Technology Group in the third quarter worth about $29,000. Finally, Geode Capital Management LLC lifted its position in shares of KULR Technology Group by 44.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after buying an additional 479,026 shares in the last quarter. Institutional investors own 21.23% of the company’s stock.

KULR Technology Group Price Performance

Shares of NYSEAMERICAN:KULR traded down $0.20 on Friday, hitting $2.28. 20,894,366 shares of the company traded hands, compared to its average volume of 48,441,220. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71. The company has a market capitalization of $545.56 million, a PE ratio of -19.00 and a beta of 2.43. KULR Technology Group has a 52 week low of $0.10 and a 52 week high of $5.49.

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.