Short Interest in Nauticus Robotics, Inc. (NASDAQ:KITT) Rises By 152.8%

Nauticus Robotics, Inc. (NASDAQ:KITT) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 2,170,000 shares, an increase of 152.8% from the February 13th total of 858,300 shares. Based on an average daily volume of 9,100,000 shares, the short-interest ratio is presently 0.2 days. Approximately 10.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

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

Nauticus Robotics Stock Up 3.9 %

KITT traded up $0.04 during midday trading on Friday, hitting $1.06. The company had a trading volume of 1,370,146 shares, compared to its average volume of 11,152,718. Nauticus Robotics has a 52 week low of $0.82 and a 52 week high of $14.85. The company has a market capitalization of $6.79 million, a price-to-earnings ratio of -0.02 and a beta of -0.02. The stock’s 50 day moving average price is $1.75 and its 200 day moving average price is $1.49.

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.