Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Update
Nauticus Robotics, Inc. (NASDAQ:KITT – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,190,000 shares, an increase of 3,657.4% from the April 30th total of 84,900 shares. Based on an average trading volume of 4,410,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 11.8% of the company’s shares are sold short.
Nauticus Robotics Price Performance
Shares of KITT opened at $0.16 on Thursday. The firm has a market capitalization of $9.99 million, a price-to-earnings ratio of -0.13 and a beta of 0.18. Nauticus Robotics has a 1-year low of $0.12 and a 1-year high of $2.49. The company has a 50-day moving average of $0.21 and a 200 day moving average of $0.50.
Nauticus Robotics (NASDAQ:KITT – Get Free Report) last posted its quarterly earnings results on Monday, May 13th. The company reported ($0.23) earnings per share for the quarter. The firm had revenue of $0.46 million for the quarter.
Insider Activity at Nauticus Robotics
In other news, CEO John W. Gibson, Jr. sold 352,475 shares of Nauticus Robotics stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $0.19, for a total transaction of $66,970.25. Following the completion of the sale, the chief executive officer now directly owns 615,305 shares in the company, valued at $116,907.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.99% of the stock is owned by company insiders.
Institutional Investors Weigh In On Nauticus Robotics
A hedge fund recently raised its stake in Nauticus Robotics stock. Adage Capital Partners GP L.L.C. increased its holdings in Nauticus Robotics, Inc. (NASDAQ:KITT – Free Report) by 109.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 241,654 shares of the company’s stock after acquiring an additional 126,460 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.49% of Nauticus Robotics worth $428,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.
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