Nauticus Robotics, Inc. (NASDAQ:KITT) Stock Short Interest Report for September

Nauticus Robotics, Inc. (NASDAQ:KITT) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 135,289 shares, a decline of 85.1% from the September 15th total of 907,880 shares. Currently, 16.1% of the shares of the company are sold short. Based on an average trading volume of 1,198,580 shares, the short-interest ratio is presently 0.1 days.

Nauticus Robotics Trading Down 8.1%

Shares of NASDAQ:KITT traded down $0.12 on Monday, hitting $1.36. The company had a trading volume of 219,593 shares, compared to its average volume of 167,209. The company has a market cap of $1.55 million, a PE ratio of -0.00 and a beta of -0.08. Nauticus Robotics has a 52-week low of $1.34 and a 52-week high of $168.48. The business has a 50 day moving average of $4.16 and a 200 day moving average of $9.56.

Nauticus Robotics (NASDAQ:KITT) last announced its earnings results on Wednesday, August 12th. The company reported ($1.25) earnings per share for the quarter, beating the consensus estimate of ($466.56) by $465.31. The firm had revenue of $0.89 million during the quarter, compared to the consensus estimate of $2.00 million. Nauticus Robotics had a negative net margin of 1,758.70% and a negative return on equity of 1,067.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen cut Nauticus Robotics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nauticus Robotics in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Nauticus Robotics has a consensus rating of “Sell”.

Nauticus Robotics Company Profile

Nauticus Robotics, Inc develops autonomous and remotely operated robotic systems for subsea operations. The company’s technologies are designed to perform inspection, maintenance, intervention, and data-collection tasks in offshore and underwater environments, with applications across the energy, defense, and ocean industries.

Its product portfolio includes Aquanaut, an autonomous underwater vehicle designed to travel without a traditional tether and perform subsea inspection and intervention work, as well as Hydronaut, a surface or subsea support platform intended to extend the operating capabilities of Nauticus’ robotic systems.