Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Update

Nauticus Robotics, Inc. (NASDAQ:KITT) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 2,140,949 shares, an increase of 297.7% from the November 30th total of 538,274 shares. Currently, 18.3% of the shares of the company are sold short. Based on an average daily trading volume, of 33,544,804 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 33,544,804 shares, the short-interest ratio is presently 0.1 days. Currently, 18.3% of the shares of the company are sold short.

Insider Activity at Nauticus Robotics

In other Nauticus Robotics news, major shareholder Ltd. Transocean sold 2,021,920 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $1.02, for a total transaction of $2,062,358.40. Following the completion of the transaction, the insider owned 6,421 shares in the company, valued at approximately $6,549.42. The trade was a 99.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder International Ltd Transocean sold 28,185 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $0.90, for a total value of $25,366.50. Following the completion of the transaction, the insider directly owned 2,122,531 shares of the company’s stock, valued at approximately $1,910,277.90. The trade was a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,144,295 shares of company stock valued at $2,161,720. Insiders own 14.90% of the company’s stock.

Institutional Trading of Nauticus Robotics

A hedge fund recently raised its stake in Nauticus Robotics stock. Geode Capital Management LLC lifted its holdings in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) by 743.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 357,669 shares of the company’s stock after purchasing an additional 315,251 shares during the quarter. Geode Capital Management LLC owned approximately 0.96% of Nauticus Robotics worth $324,000 as of its most recent SEC filing. Institutional investors and hedge funds own 20.50% of the company’s stock.

Nauticus Robotics Trading Down 0.5%

NASDAQ KITT traded down $0.00 on Friday, hitting $0.90. 1,941,403 shares of the stock were exchanged, compared to its average volume of 2,539,083. The company’s 50-day moving average price is $1.33 and its two-hundred day moving average price is $4.88. The company has a debt-to-equity ratio of 18.06, a current ratio of 0.21 and a quick ratio of 0.19. Nauticus Robotics has a 52-week low of $0.71 and a 52-week high of $54.36. The company has a market capitalization of $12.34 million, a price-to-earnings ratio of 0.00 and a beta of -0.17.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nauticus Robotics in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nauticus Robotics presently has an average rating of “Sell”.

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.