Short Interest in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Grows By 24.5%

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 9,060,000 shares, an increase of 24.5% from the October 31st total of 7,280,000 shares. Based on an average trading volume of 12,830,000 shares, the days-to-cover ratio is currently 0.7 days. Approximately 4.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in KULR Technology Group during the 2nd quarter worth about $31,000. Virtu Financial LLC acquired a new position in shares of KULR Technology Group in the 3rd quarter valued at about $29,000. Finally, Geode Capital Management LLC lifted its stake in shares of KULR Technology Group by 44.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after purchasing an additional 479,026 shares during the period. 21.23% of the stock is owned by institutional investors and hedge funds.

KULR Technology Group Stock Up 21.1 %

KULR traded up $0.25 during midday trading on Monday, hitting $1.41. 140,760,154 shares of the company were exchanged, compared to its average volume of 8,974,357. The company has a market capitalization of $300.99 million, a PE ratio of -11.71 and a beta of 1.74. KULR Technology Group has a 1-year low of $0.10 and a 1-year high of $1.75. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

Analyst Ratings Changes

Separately, Benchmark reissued a “speculative buy” rating and set a $1.00 price objective on shares of KULR Technology Group in a report on Tuesday, August 13th.

About KULR Technology Group

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes.