Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Update

Nauticus Robotics, Inc. (NASDAQ:KITT) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 943,800 shares, an increase of 110.2% from the December 15th total of 449,000 shares. Approximately 17.0% of the company’s stock are sold short. Based on an average trading volume of 4,580,000 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling

In other Nauticus Robotics news, CEO John W. Gibson, Jr. bought 52,157 shares of Nauticus Robotics stock in a transaction on Tuesday, November 26th. The stock was acquired at an average price of $1.03 per share, with a total value of $53,721.71. Following the acquisition, the chief executive officer now owns 71,713 shares in the company, valued at approximately $73,864.39. This trade represents a 266.71 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned about 0.64% of Nauticus Robotics as of its most recent SEC filing. Institutional investors own 20.50% of the company’s stock.

Nauticus Robotics Stock Performance

Shares of NASDAQ:KITT traded down $0.88 during midday trading on Thursday, reaching $2.22. 18,214,490 shares of the company’s stock traded hands, compared to its average volume of 28,844,902. Nauticus Robotics has a one year low of $0.82 and a one year high of $17.13. The stock has a 50 day moving average of $1.54 and a 200 day moving average of $2.02. The company has a market cap of $14.23 million, a price-to-earnings ratio of -0.04 and a beta of -0.15.

About Nauticus Robotics

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.