Short Interest in Knightscope, Inc. (NASDAQ:KSCP) Grows By 40.1%

Knightscope, Inc. (NASDAQ:KSCP) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 607,900 shares, a growth of 40.1% from the January 15th total of 433,800 shares. Currently, 15.8% of the shares of the stock are short sold. Based on an average trading volume of 266,800 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Knightscope stock. Geode Capital Management LLC increased its position in Knightscope, Inc. (NASDAQ:KSCP) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,111 shares of the company’s stock after buying an additional 3,486 shares during the quarter. Geode Capital Management LLC owned 0.84% of Knightscope worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 14.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KSCP shares. Lake Street Capital assumed coverage on shares of Knightscope in a report on Wednesday, February 5th. They set a “buy” rating and a $17.00 price target for the company. HC Wainwright assumed coverage on Knightscope in a report on Thursday, January 30th. They issued a “buy” rating and a $16.00 target price on the stock.

Knightscope Price Performance

KSCP stock traded down $0.23 during trading on Friday, reaching $8.75. 189,211 shares of the company were exchanged, compared to its average volume of 254,340. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.75. The business’s 50-day moving average is $12.23. Knightscope has a twelve month low of $4.89 and a twelve month high of $31.50.

About Knightscope

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.