Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Up 88.9% in March

Nauticus Robotics, Inc. (NASDAQ:KITT) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,100,000 shares, a growth of 88.9% from the February 28th total of 2,170,000 shares. Approximately 15.0% of the shares of the stock are sold short. Based on an average trading volume of 9,300,000 shares, the days-to-cover ratio is presently 0.4 days.

Nauticus Robotics Trading Up 1.0 %

KITT traded up $0.01 during trading hours on Friday, hitting $1.00. The company’s stock had a trading volume of 756,171 shares, compared to its average volume of 3,127,893. The business’s 50-day moving average price is $1.41 and its 200-day moving average price is $1.46. The stock has a market cap of $6.41 million, a price-to-earnings ratio of -0.02 and a beta of -0.02. Nauticus Robotics has a 12 month low of $0.82 and a 12 month high of $14.85.

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 position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 SEC filing. 20.50% of the stock is owned by hedge funds and other institutional investors.

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.