Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Up 139.5% in November

Nauticus Robotics, Inc. (NASDAQ:KITT) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 615,300 shares, an increase of 139.5% from the November 15th total of 256,900 shares. Currently, 11.7% of the company’s shares are short sold. Based on an average daily trading volume, of 1,070,000 shares, the days-to-cover ratio is currently 0.6 days.

Nauticus Robotics Trading Down 1.8 %

NASDAQ KITT traded down $0.02 on Friday, hitting $0.99. The company’s stock had a trading volume of 203,557 shares, compared to its average volume of 739,607. The firm has a market cap of $6.35 million, a P/E ratio of -0.02 and a beta of -0.02. Nauticus Robotics has a 52-week low of $0.85 and a 52-week high of $29.07. The company’s 50-day simple moving average is $1.21 and its 200 day simple moving average is $2.60.

Insider Buying and Selling

In other news, CEO John W. Gibson, Jr. bought 52,157 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was bought at an average cost of $1.03 per share, for a total transaction of $53,721.71. Following the completion of the acquisition, the chief executive officer now owns 71,713 shares in the company, valued at approximately $73,864.39. This trade represents a 266.71 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 12.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned approximately 0.64% of Nauticus Robotics as of its most recent filing with the SEC. Institutional investors and hedge funds own 20.50% of the company’s stock.

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.