Knightscope, Inc. (NASDAQ:KSCP) Short Interest Down 19.4% in February

Knightscope, Inc. (NASDAQ:KSCP) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 490,100 shares, a decrease of 19.4% from the January 31st total of 607,900 shares. Based on an average daily trading volume, of 242,300 shares, the days-to-cover ratio is presently 2.0 days. Approximately 12.8% of the company’s stock are short sold.

Institutional Investors Weigh In On Knightscope

A hedge fund recently raised its stake in Knightscope stock. Geode Capital Management LLC boosted its stake in Knightscope, Inc. (NASDAQ:KSCP) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,111 shares of the company’s stock after purchasing an additional 3,486 shares during the quarter. Geode Capital Management LLC owned approximately 0.84% of Knightscope worth $367,000 as of its most recent filing with the Securities & Exchange Commission. 14.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KSCP has been the topic of a number of analyst reports. Lake Street Capital began coverage on shares of Knightscope in a report on Wednesday, February 5th. They set a “buy” rating and a $17.00 price objective on the stock. HC Wainwright initiated coverage on shares of Knightscope in a research report on Thursday, January 30th. They set a “buy” rating and a $16.00 price target on the stock.

Knightscope Stock Down 1.4 %

KSCP traded down $0.08 during trading on Tuesday, hitting $5.72. 158,841 shares of the company traded hands, compared to its average volume of 257,250. Knightscope has a one year low of $4.89 and a one year high of $31.50. The firm’s fifty day moving average price is $10.86. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $19.92 million, a price-to-earnings ratio of -0.43 and a beta of 1.50.

About Knightscope

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.