Short Interest in Nauticus Robotics, Inc. (NASDAQ:KITT) Drops By 13.4%

Nauticus Robotics, Inc. (NASDAQ:KITT) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 858,300 shares, a drop of 13.4% from the January 31st total of 991,100 shares. Currently, 4.1% of the company’s shares are short sold. Based on an average daily trading volume, of 9,160,000 shares, the days-to-cover ratio is currently 0.1 days.

Nauticus Robotics Stock Performance

KITT stock opened at $0.97 on Thursday. The stock has a market cap of $6.20 million, a P/E ratio of -0.02 and a beta of -0.10. The firm has a 50 day simple moving average of $1.89 and a 200 day simple moving average of $1.54. Nauticus Robotics has a 52 week low of $0.82 and a 52 week high of $14.85.

Institutional Trading of Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. DnB Asset Management AS purchased a new position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,880 shares of the company’s stock, valued at approximately $82,000. DnB Asset Management AS owned 0.82% of Nauticus Robotics as of its most recent filing with the Securities and Exchange Commission (SEC). 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.