Nauticus Robotics, Inc. (NASDAQ:KITT – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 197,000 shares, an increase of 515.6% from the July 15th total of 32,000 shares. Currently, 7.7% of the company’s stock are short sold. Based on an average trading volume of 1,430,000 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On Nauticus Robotics
An institutional investor recently bought a new position in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV purchased a new position in Nauticus Robotics, Inc. (NASDAQ:KITT – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned approximately 0.64% of Nauticus Robotics at the end of the most recent reporting period. 20.50% of the stock is owned by institutional investors and hedge funds.
Nauticus Robotics Stock Performance
Shares of NASDAQ KITT traded down $0.44 during mid-day trading on Wednesday, hitting $2.08. 677,029 shares of the stock traded hands, compared to its average volume of 660,717. The company has a market cap of $129.86 million, a price-to-earnings ratio of -1.63 and a beta of 0.07. The stock has a fifty day moving average price of $4.42 and a 200-day moving average price of $7.22. Nauticus Robotics has a 52 week low of $1.80 and a 52 week high of $83.52.
Nauticus Robotics Company Profile
Nauticus Robotics, Inc develops ocean robots, cloud software, and services to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; Olympic Arm, an all-electric manipulator designed for a variety of intervention tasks on work class remotely operated vehicles; and ToolKITT, a software platform, which consists of interrelated products for ocean sensing, manipulation, autonomous behaviors, survey, search and recovery, and manual intervention.
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