Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Up 73.0% in March

Nauticus Robotics, Inc. (NASDAQ:KITT) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 5,434,572 shares, a growth of 73.0% from the February 26th total of 3,141,995 shares. Currently, 55.2% of the company’s stock are sold short. Based on an average trading volume of 10,392,151 shares, the short-interest ratio is presently 0.5 days.

Nauticus Robotics Trading Down 1.4%

Shares of NASDAQ KITT traded down $0.01 during mid-day trading on Friday, hitting $0.53. The company had a trading volume of 1,525,258 shares, compared to its average volume of 6,387,916. The firm has a 50-day simple moving average of $0.84 and a two-hundred day simple moving average of $1.48. The company has a market capitalization of $7.27 million, a PE ratio of 0.00 and a beta of -0.12. Nauticus Robotics has a one year low of $0.49 and a one year high of $12.51.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nauticus Robotics in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP acquired a new stake in shares of Nauticus Robotics in the 4th quarter valued at approximately $35,000. Osaic Holdings Inc. grew its stake in shares of Nauticus Robotics by 164.1% in the second quarter. Osaic Holdings Inc. now owns 90,190 shares of the company’s stock valued at $81,000 after buying an additional 56,035 shares in the last quarter. Jane Street Group LLC acquired a new position in Nauticus Robotics during the fourth quarter worth $90,000. Finally, Geode Capital Management LLC raised its position in Nauticus Robotics by 428.8% during the fourth quarter. Geode Capital Management LLC now owns 214,689 shares of the company’s stock worth $165,000 after acquiring an additional 174,086 shares in the last quarter. Institutional investors and hedge funds own 20.50% of the company’s stock.

Nauticus Robotics Company Profile

Nauticus Robotics, Inc (NASDAQ: KITT) is a maritime robotics company focused on developing and deploying uncrewed surface and subsea vessels for inspection, survey and maintenance applications. The company’s solutions combine purpose-built hardware with advanced autonomy software and sensor integration, allowing operators to conduct offshore and in-shore missions without personnel aboard. By digitizing routine vessel operations, Nauticus Robotics aims to reduce the time, cost and risk associated with traditional crewed marine services.

The company’s product portfolio includes modular uncrewed surface vessels (USVs) and remotely operated vehicles (ROVs) equipped with high-resolution sonar, cameras and other environmental sensors.