Kraken Robotics Inc. (OTCMKTS:KRKNF – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 593,300 shares, a growth of 34.6% from the February 28th total of 440,900 shares. Based on an average daily volume of 605,300 shares, the short-interest ratio is currently 1.0 days.
Kraken Robotics Trading Down 2.6 %
OTCMKTS:KRKNF traded down $0.05 during midday trading on Tuesday, reaching $1.69. The company had a trading volume of 261,979 shares, compared to its average volume of 436,773. Kraken Robotics has a 12-month low of $0.68 and a 12-month high of $2.12. The stock’s fifty day simple moving average is $1.74 and its 200-day simple moving average is $1.63.
Analyst Ratings Changes
Separately, Raymond James set a $3.50 price target on Kraken Robotics in a research note on Thursday, January 23rd.
About Kraken Robotics
Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.
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