Short Interest in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Grows By 24.5%

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 9,060,000 shares, a growth of 24.5% from the October 31st total of 7,280,000 shares. Based on an average trading volume of 12,830,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 4.6% of the company’s shares are sold short.

KULR Technology Group Price Performance

KULR Technology Group stock traded up $0.25 during mid-day trading on Monday, reaching $1.41. 140,760,154 shares of the company were exchanged, compared to its average volume of 8,974,357. KULR Technology Group has a 12 month low of $0.10 and a 12 month high of $1.75. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71. The firm has a market cap of $300.99 million, a PE ratio of -11.71 and a beta of 1.74.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “speculative buy” rating and set a $1.00 price objective on shares of KULR Technology Group in a report on Tuesday, August 13th.

Hedge Funds Weigh In On KULR Technology Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd bought a new position in shares of KULR Technology Group in the 2nd quarter valued at $31,000. Virtu Financial LLC acquired a new stake in shares of KULR Technology Group during the 3rd quarter valued at $29,000. Finally, Geode Capital Management LLC boosted its holdings in shares of KULR Technology Group by 44.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after acquiring an additional 479,026 shares in the last quarter. Institutional investors own 21.23% of the company’s stock.

KULR Technology Group Company Profile

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.