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

Nauticus Robotics, Inc. (NASDAQ:KITT) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,100,000 shares, an increase of 88.9% from the February 28th total of 2,170,000 shares. Based on an average daily volume of 9,300,000 shares, the short-interest ratio is presently 0.4 days. Currently, 15.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nauticus Robotics stock. DnB Asset Management AS bought a new stake in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) in the 4th quarter, according to its most recent 13F filing 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 reporting period. 20.50% of the stock is currently owned by institutional investors.

Nauticus Robotics Stock Performance

NASDAQ:KITT traded up $0.01 during trading hours on Friday, reaching $1.00. The company’s stock had a trading volume of 756,171 shares, compared to its average volume of 3,127,893. The firm has a market capitalization of $6.41 million, a price-to-earnings ratio of -0.02 and a beta of -0.02. The firm has a 50-day simple moving average of $1.38 and a 200-day simple moving average of $1.46. Nauticus Robotics has a 1 year low of $0.82 and a 1 year high of $14.85.

About Nauticus Robotics

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.