Nauticus Robotics, Inc. (NASDAQ:KITT) Sees Significant Increase in Short Interest

Nauticus Robotics, Inc. (NASDAQ:KITT) was the target of a large 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 company’s stock are short sold. Based on an average trading volume of 9,300,000 shares, the days-to-cover ratio is currently 0.4 days.

Nauticus Robotics Trading Up 1.0 %

Shares of KITT stock traded up $0.01 during midday trading on Friday, reaching $1.00. 756,171 shares of the stock were exchanged, compared to its average volume of 3,127,893. The firm has a market cap of $6.41 million, a PE ratio of -0.02 and a beta of -0.02. The company’s 50 day moving average is $1.38 and its two-hundred day moving average is $1.46. Nauticus Robotics has a 1 year low of $0.82 and a 1 year high of $14.85.

Institutional Investors Weigh In On Nauticus Robotics

A hedge fund recently bought a new stake in Nauticus Robotics stock. DnB Asset Management AS bought a new position in Nauticus Robotics, Inc. (NASDAQ:KITT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 52,880 shares of the company’s stock, valued at approximately $82,000. DnB Asset Management AS owned 0.82% of Nauticus Robotics at the end of the most recent reporting period. Institutional investors own 20.50% of the company’s stock.

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.