Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Down 93.3% in January

Nauticus Robotics, Inc. (NASDAQ:KITTGet Free Report) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 187,000 shares, a decrease of 93.3% from the January 15th total of 2,800,000 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,190,000 shares, the days-to-cover ratio is presently 0.1 days.

Nauticus Robotics Stock Down 6.5 %

NASDAQ KITT traded down $0.02 on Monday, reaching $0.30. The company had a trading volume of 284,612 shares, compared to its average volume of 4,748,938. The stock has a market capitalization of $15.01 million, a P/E ratio of -0.73 and a beta of 0.13. The company’s fifty day moving average is $0.57 and its 200 day moving average is $1.40. Nauticus Robotics has a 52-week low of $0.28 and a 52-week high of $4.09. The company has a quick ratio of 1.07, a current ratio of 2.15 and a debt-to-equity ratio of 1.72.

Nauticus Robotics (NASDAQ:KITTGet Free Report) last announced its earnings results on Tuesday, November 14th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $1.59 million for the quarter, compared to analysts’ expectations of $2.80 million. Nauticus Robotics had a negative net margin of 175.68% and a negative return on equity of 2,774.34%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new position in Nauticus Robotics in the 4th quarter worth approximately $38,000. Two Sigma Securities LLC bought a new stake in Nauticus Robotics in the first quarter worth $45,000. State Street Corp bought a new stake in Nauticus Robotics in the second quarter worth $60,000. Jane Street Group LLC bought a new stake in Nauticus Robotics in the third quarter worth $124,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Nauticus Robotics in the fourth quarter worth $214,000. Institutional investors own 2.37% of the company’s stock.

About Nauticus Robotics

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Nauticus Robotics, Inc develops and provides ocean robots, software, and services to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle (AUV) with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; and Argonaut, a derivative product of the Aquanaut that is used for non-industrial and government applications.

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