Kraken Robotics Inc. (OTCMKTS:KRKNF) Short Interest Up 34.6% in March

Kraken Robotics Inc. (OTCMKTS:KRKNF) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 593,300 shares, an increase of 34.6% from the February 28th total of 440,900 shares. Based on an average daily volume of 605,300 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

Separately, Raymond James set a $3.50 price target on Kraken Robotics in a research note on Thursday, January 23rd.

Kraken Robotics Stock Performance

KRKNF stock opened at $1.65 on Wednesday. Kraken Robotics has a 52 week low of $0.68 and a 52 week high of $2.12. The company’s 50-day simple moving average is $1.74 and its 200 day simple moving average is $1.63.

Kraken Robotics Company Profile

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.