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

Nauticus Robotics, Inc. (NASDAQ:KITT) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 943,800 shares, an increase of 110.2% from the December 15th total of 449,000 shares. Based on an average daily volume of 4,580,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 17.0% of the shares of the stock are sold short.

Nauticus Robotics Stock Performance

Shares of NASDAQ KITT traded down $0.88 during mid-day trading on Thursday, reaching $2.22. The company had a trading volume of 18,112,518 shares, compared to its average volume of 28,805,180. The stock has a market capitalization of $14.23 million, a PE ratio of -0.04 and a beta of -0.15. Nauticus Robotics has a twelve month low of $0.82 and a twelve month high of $17.13. The stock’s 50 day moving average is $1.54 and its 200-day moving average is $2.02.

Insider Activity

In related news, CEO John W. Gibson, Jr. bought 52,157 shares of Nauticus Robotics stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $1.03 per share, with a total value of $53,721.71. Following the completion of the acquisition, the chief executive officer now directly owns 71,713 shares in the company, valued at approximately $73,864.39. This trade represents a 266.71 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 12.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Nauticus Robotics

A hedge fund recently bought a new stake 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 the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 Securities & Exchange Commission. 20.50% of the stock is currently owned by institutional investors.

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.