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

Nauticus Robotics, Inc. (NASDAQ:KITT) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 943,800 shares, an increase of 110.2% from the December 15th total of 449,000 shares. Based on an average daily volume of 4,580,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 17.0% of the shares of the company are sold short.

Nauticus Robotics Trading Down 28.4 %

KITT traded down $0.88 during trading on Thursday, hitting $2.22. The stock had a trading volume of 18,112,518 shares, compared to its average volume of 28,805,180. The firm has a market cap of $14.23 million, a PE ratio of -0.04 and a beta of -0.15. Nauticus Robotics has a 12 month low of $0.82 and a 12 month high of $17.13. The company has a 50 day simple moving average of $1.54 and a 200-day simple moving average of $2.02.

Insiders Place Their Bets

In other news, CEO John W. Gibson, Jr. purchased 52,157 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were bought at an average price of $1.03 per share, with a total value of $53,721.71. Following the completion of the transaction, the chief executive officer now directly owns 71,713 shares in the company, valued at $73,864.39. This trade represents a 266.71 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Nauticus Robotics

A hedge fund recently bought a new stake in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV bought a new stake in Nauticus Robotics, Inc. (NASDAQ:KITT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned about 0.64% of Nauticus Robotics as of its most recent SEC filing. 20.50% of the stock is currently owned by institutional investors.

About Nauticus Robotics

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.