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

Nauticus Robotics, Inc. (NASDAQ:KITT) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,100,000 shares, a growth of 88.9% from the February 28th total of 2,170,000 shares. Approximately 15.0% of the shares of the company are short sold. Based on an average trading volume of 9,300,000 shares, the short-interest ratio is currently 0.4 days.

Nauticus Robotics Stock Up 1.0 %

Shares of NASDAQ:KITT traded up $0.01 during midday trading on Friday, reaching $1.00. 756,171 shares of the company traded hands, compared to its average volume of 3,127,893. The firm’s fifty day moving average price is $1.38 and its two-hundred day moving average price is $1.46. The firm has a market capitalization of $6.41 million, a price-to-earnings ratio of -0.02 and a beta of -0.02. Nauticus Robotics has a 12 month low of $0.82 and a 12 month high of $14.85.

Institutional Investors Weigh In On Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. DnB Asset Management AS bought a new position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 52,880 shares of the company’s stock, valued at approximately $82,000. DnB Asset Management AS owned 0.82% of Nauticus Robotics at the end of the most recent quarter. 20.50% of the stock is currently owned by institutional investors and hedge funds.

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.