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

Nauticus Robotics, Inc. (NASDAQ:KITT) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 449,000 shares, a decrease of 27.0% from the November 30th total of 615,300 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is currently 0.4 days. Currently, 8.1% of the company’s shares are short sold.

Nauticus Robotics Stock Up 21.3 %

NASDAQ:KITT traded up $0.38 during mid-day trading on Friday, reaching $2.16. The company’s stock had a trading volume of 15,812,503 shares, compared to its average volume of 850,670. Nauticus Robotics has a 1 year low of $0.82 and a 1 year high of $28.36. The stock has a fifty day moving average of $1.18 and a 200-day moving average of $2.32. The firm has a market capitalization of $13.84 million, a PE ratio of -0.04 and a beta of -0.02.

Insider Transactions at Nauticus Robotics

In other news, CEO John W. Gibson, Jr. bought 52,157 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was acquired at an average cost of $1.03 per share, with a total value of $53,721.71. Following the transaction, the chief executive officer now directly owns 71,713 shares in the company, valued at approximately $73,864.39. This trade represents a 266.71 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.00% of the company’s stock.

Institutional Investors Weigh In On Nauticus Robotics

A hedge fund recently bought a new stake in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV bought a new position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned 0.64% of Nauticus Robotics as of its most recent SEC filing. Hedge funds and other institutional investors 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.