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

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

Hedge Funds Weigh In On Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. DnB Asset Management AS purchased a new stake in Nauticus Robotics, Inc. (NASDAQ:KITT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 SEC filing. 20.50% of the stock is currently owned by hedge funds and other institutional investors.

Nauticus Robotics Stock Up 6.4 %

NASDAQ KITT opened at $0.97 on Thursday. Nauticus Robotics has a 12-month low of $0.82 and a 12-month high of $14.85. The stock has a market capitalization of $6.20 million, a PE ratio of -0.02 and a beta of -0.10. The company has a 50 day moving average price of $1.89 and a two-hundred day moving average price of $1.54.

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.