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

Nauticus Robotics, Inc. (NASDAQ:KITT) saw a large growth in short interest in June. As of June 15th, there was short interest totalling 2,240,000 shares, a growth of 73.6% from the May 31st total of 1,290,000 shares. Currently, 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,410,000 shares, the days-to-cover ratio is currently 0.1 days.

Nauticus Robotics Stock Performance

Shares of KITT stock traded down $0.01 during midday trading on Friday, reaching $0.14. 7,010,208 shares of the company were exchanged, compared to its average volume of 80,722,536. Nauticus Robotics has a 12 month low of $0.11 and a 12 month high of $2.32. The company has a market cap of $8.50 million, a P/E ratio of -0.11 and a beta of 0.06. The company’s 50 day moving average price is $0.17 and its two-hundred day moving average price is $0.31.

Nauticus Robotics (NASDAQ:KITT) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $0.46 million for the quarter.

Hedge Funds Weigh In On Nauticus Robotics

A hedge fund recently raised its stake in Nauticus Robotics stock. Adage Capital Partners GP L.L.C. increased its position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) by 109.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,654 shares of the company’s stock after acquiring an additional 126,460 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.49% of Nauticus Robotics worth $428,000 as of its most recent SEC filing. Institutional investors 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.