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

Nauticus Robotics, Inc. (NASDAQ:KITT) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 991,100 shares, a decrease of 49.4% from the January 15th total of 1,960,000 shares. Based on an average daily volume of 8,640,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 4.6% of the company’s shares are sold short.

Insider Activity at Nauticus Robotics

In other Nauticus Robotics news, CEO John W. Gibson, Jr. bought 52,157 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was bought at an average price of $1.03 per share, with a total value of $53,721.71. Following the completion of the purchase, the chief executive officer now directly owns 71,713 shares in the company, valued at $73,864.39. The trade was a 266.71 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. DnB Asset Management AS purchased a new stake in Nauticus Robotics, Inc. (NASDAQ:KITT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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. Institutional investors own 20.50% of the company’s stock.

Nauticus Robotics Stock Performance

Shares of Nauticus Robotics stock traded down $0.11 on Friday, reaching $1.57. The company had a trading volume of 4,475,055 shares, compared to its average volume of 12,861,690. The firm’s 50 day moving average price is $1.85 and its two-hundred day moving average price is $1.66. Nauticus Robotics has a 52-week low of $0.82 and a 52-week high of $15.66. The firm has a market cap of $10.06 million, a PE ratio of -0.03 and a beta of -0.10.

Nauticus Robotics (NASDAQ:KITT) last released its earnings results on Tuesday, November 12th. The company reported ($4.27) earnings per share (EPS) for the quarter. The business had revenue of $0.37 million for the quarter.

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.