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

Nauticus Robotics, Inc. (NASDAQ:KITT) was the target of a large increase in short interest in 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. Currently, 17.0% of the shares of the company are sold short. Based on an average trading volume of 4,580,000 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling at Nauticus Robotics

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

Institutional Investors Weigh In On Nauticus Robotics

A hedge fund recently bought a new stake in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV acquired a new position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 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 quarter. Institutional investors and hedge funds own 20.50% of the company’s stock.

Nauticus Robotics Trading Down 28.4 %

Shares of Nauticus Robotics stock traded down $0.88 during trading hours on Thursday, reaching $2.22. The stock had a trading volume of 18,214,490 shares, compared to its average volume of 28,844,902. The stock’s 50 day moving average is $1.54 and its 200 day moving average is $2.02. Nauticus Robotics has a twelve month low of $0.82 and a twelve month high of $17.13. The firm has a market capitalization of $14.23 million, a PE ratio of -0.04 and a beta of -0.15.

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.