KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Short Interest Up 33.1% in March

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 30,010,000 shares, a growth of 33.1% from the March 15th total of 22,550,000 shares. Approximately 12.3% of the shares of the stock are sold short. Based on an average daily volume of 16,430,000 shares, the days-to-cover ratio is currently 1.8 days.

KULR Technology Group Trading Down 4.7 %

KULR traded down $0.06 during trading hours on Friday, reaching $1.22. 5,083,476 shares of the company’s stock traded hands, compared to its average volume of 14,233,220. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $1.55 and a 200 day moving average price of $1.33. KULR Technology Group has a 52-week low of $0.20 and a 52-week high of $5.49. The firm has a market capitalization of $333.73 million, a PE ratio of -10.17 and a beta of 2.34.

Institutional Trading of KULR Technology Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in KULR Technology Group during the 3rd quarter valued at about $29,000. Gotham Asset Management LLC purchased a new stake in KULR Technology Group during the fourth quarter worth $39,000. Brevan Howard Capital Management LP purchased a new stake in KULR Technology Group during the fourth quarter worth $41,000. Kellett Wealth Advisors LLC purchased a new position in shares of KULR Technology Group in the 4th quarter valued at $43,000. Finally, International Assets Investment Management LLC bought a new position in shares of KULR Technology Group in the 4th quarter worth $56,000. Institutional investors own 21.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a “buy” rating and issued a $5.00 target price on shares of KULR Technology Group in a report on Tuesday, March 18th.

About KULR Technology Group

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes.