Short Interest in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Grows By 24.5%

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 9,060,000 shares, a growth of 24.5% from the October 31st total of 7,280,000 shares. Based on an average daily trading volume, of 12,830,000 shares, the short-interest ratio is presently 0.7 days. Currently, 4.6% of the company’s shares are sold short.

Analysts Set New Price Targets

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

KULR Technology Group Stock Performance

Shares of KULR stock traded up $0.25 during trading hours on Monday, reaching $1.41. The company had a trading volume of 140,760,154 shares, compared to its average volume of 8,974,357. KULR Technology Group has a 1-year low of $0.10 and a 1-year high of $1.75. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. The company has a market cap of $300.99 million, a P/E ratio of -11.71 and a beta of 1.74.

Hedge Funds Weigh In On KULR Technology Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in shares of KULR Technology Group during the 2nd quarter valued at about $31,000. Geode Capital Management LLC boosted its holdings in shares of KULR Technology Group by 44.5% in the third 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 during the period. Finally, Virtu Financial LLC bought a new stake in shares of KULR Technology Group during the third quarter worth $29,000. Institutional investors own 21.23% of the company’s stock.

About KULR Technology Group

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.