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

Nauticus Robotics, Inc. (NASDAQ:KITT) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 630,900 shares, an increase of 54.3% from the February 29th total of 409,000 shares. Based on an average daily trading volume, of 3,440,000 shares, the short-interest ratio is currently 0.2 days. Currently, 5.5% of the company’s stock are short sold.

Nauticus Robotics Stock Performance

Shares of NASDAQ:KITT traded up $0.04 on Friday, reaching $0.32. 2,673,051 shares of the company’s stock were exchanged, compared to its average volume of 1,393,577. The firm has a market capitalization of $15.99 million, a price-to-earnings ratio of -0.78 and a beta of -0.03. Nauticus Robotics has a fifty-two week low of $0.18 and a fifty-two week high of $3.12. The business’s 50-day moving average is $0.31 and its two-hundred day moving average is $1.02. The company has a quick ratio of 1.07, a current ratio of 2.15 and a debt-to-equity ratio of 1.72.

Insider Buying and Selling

In other Nauticus Robotics news, CEO John W. Gibson, Jr. sold 352,475 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $0.19, for a total transaction of $66,970.25. Following the completion of the transaction, the chief executive officer now owns 615,305 shares in the company, valued at approximately $116,907.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 401,323 shares of company stock valued at $98,233 in the last ninety days. Company insiders own 47.90% of the company’s stock.

Institutional Trading of Nauticus Robotics

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Nauticus Robotics by 15.8% during the third quarter. Vanguard Group Inc. now owns 114,701 shares of the company’s stock valued at $203,000 after acquiring an additional 15,691 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in Nauticus Robotics by 109.8% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 241,654 shares of the company’s stock valued at $428,000 after acquiring an additional 126,460 shares in the last quarter. State Street Corp bought a new stake in shares of Nauticus Robotics during the 2nd quarter worth approximately $60,000. BlackRock Inc. increased its holdings in shares of Nauticus Robotics by 34.7% during the 2nd quarter. BlackRock Inc. now owns 166,015 shares of the company’s stock worth $344,000 after acquiring an additional 42,763 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Nauticus Robotics by 425.7% during the 2nd quarter. Geode Capital Management LLC now owns 54,665 shares of the company’s stock valued at $116,000 after acquiring an additional 44,266 shares during the period. 20.50% of the stock is owned by hedge funds and other institutional investors.

Nauticus Robotics Company Profile

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.