Short Interest in Nauticus Robotics, Inc. (NASDAQ:KITT) Drops By 49.4%

Nauticus Robotics, Inc. (NASDAQ:KITT) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 991,100 shares, a decline of 49.4% from the January 15th total of 1,960,000 shares. Based on an average trading volume of 8,640,000 shares, the short-interest ratio is presently 0.1 days. Currently, 4.6% of the shares of the company are sold short.

Nauticus Robotics Stock Down 6.5 %

Shares of Nauticus Robotics stock traded down $0.11 during trading on Friday, hitting $1.57. 4,475,055 shares of the company were exchanged, compared to its average volume of 12,861,690. Nauticus Robotics has a fifty-two week low of $0.82 and a fifty-two week high of $15.66. The firm has a 50 day moving average price of $1.85 and a 200 day moving average price of $1.66. The stock has a market capitalization of $10.06 million, a price-to-earnings ratio of -0.03 and a beta of -0.10.

Nauticus Robotics (NASDAQ:KITT) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($4.27) earnings per share for the quarter. The firm had revenue of $0.37 million during the quarter.

Insider Activity

In other Nauticus Robotics news, CEO John W. Gibson, Jr. bought 52,157 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was bought at an average price of $1.03 per share, for a total transaction of $53,721.71. Following the completion of the transaction, the chief executive officer now owns 71,713 shares in the company, valued at approximately $73,864.39. The trade was a 266.71 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.00% of the company’s stock.

Institutional Investors Weigh In On Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. DnB Asset Management AS purchased a new position in Nauticus Robotics, Inc. (NASDAQ:KITT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 52,880 shares of the company’s stock, valued at approximately $82,000. DnB Asset Management AS owned about 0.82% of Nauticus Robotics at the end of the most recent quarter. 20.50% of the stock is currently owned by institutional investors and hedge funds.

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.