Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Up 88.9% in March

Nauticus Robotics, Inc. (NASDAQ:KITT) was the target of 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 trading volume of 9,300,000 shares, the short-interest ratio is currently 0.4 days. Approximately 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 fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,880 shares of the company’s stock, valued at approximately $82,000. DnB Asset Management AS owned approximately 0.82% of Nauticus Robotics as of its most recent SEC filing. 20.50% of the stock is owned by hedge funds and other institutional investors.

Nauticus Robotics Stock Up 1.0 %

Shares of NASDAQ:KITT traded up $0.01 during midday trading on Friday, hitting $1.00. 756,171 shares of the stock traded hands, compared to its average volume of 3,127,893. The business’s 50 day moving average is $1.38 and its two-hundred day moving average is $1.46. The stock has a market capitalization of $6.41 million, a PE ratio of -0.02 and a beta of -0.02. Nauticus Robotics has a one year low of $0.82 and a one 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.