Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Down 13.4% in February

Nauticus Robotics, Inc. (NASDAQ:KITT) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 858,300 shares, a decrease of 13.4% from the January 31st total of 991,100 shares. Approximately 4.1% of the shares of the company are short sold. Based on an average trading volume of 9,160,000 shares, the short-interest ratio is presently 0.1 days.

Nauticus Robotics Price Performance

KITT stock opened at $1.06 on Friday. Nauticus Robotics has a 52-week low of $0.82 and a 52-week high of $14.85. The company has a 50-day moving average of $1.86 and a two-hundred day moving average of $1.53. The stock has a market capitalization of $6.79 million, a price-to-earnings ratio of -0.02 and a beta of -0.02.

Institutional Investors Weigh In On Nauticus Robotics

A hedge fund recently bought a new stake in Nauticus Robotics stock. DnB Asset Management AS bought a new stake in Nauticus Robotics, Inc. (NASDAQ:KITT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 52,880 shares of the company’s stock, valued at approximately $82,000. DnB Asset Management AS owned 0.82% of Nauticus Robotics as of its most recent filing with the Securities and Exchange Commission (SEC). 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.