KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Short Interest Up 33.1% in March

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 30,010,000 shares, a growth of 33.1% from the March 15th total of 22,550,000 shares. Based on an average daily trading volume, of 16,430,000 shares, the short-interest ratio is presently 1.8 days. Approximately 12.3% of the shares of the company are short sold.

Institutional Trading of KULR Technology Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in KULR Technology Group by 71.8% during the 4th quarter. Vanguard Group Inc. now owns 8,247,336 shares of the company’s stock valued at $29,278,000 after purchasing an additional 3,446,894 shares during the last quarter. Geode Capital Management LLC increased its position in shares of KULR Technology Group by 44.5% during the third quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after acquiring an additional 479,026 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in KULR Technology Group in the 4th quarter worth approximately $1,231,000. Bank of America Corp DE lifted its position in KULR Technology Group by 23,476.3% in the 4th quarter. Bank of America Corp DE now owns 297,769 shares of the company’s stock valued at $1,057,000 after acquiring an additional 296,506 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in KULR Technology Group by 85.5% during the 4th quarter. Northern Trust Corp now owns 373,815 shares of the company’s stock valued at $1,327,000 after purchasing an additional 172,339 shares during the last quarter. 21.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and set a $5.00 target price on shares of KULR Technology Group in a report on Tuesday, March 18th.

KULR Technology Group Stock Down 4.7 %

Shares of NYSEAMERICAN KULR opened at $1.22 on Monday. The firm has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.33. KULR Technology Group has a 12 month low of $0.20 and a 12 month high of $5.49. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $333.73 million, a PE ratio of -10.17 and a beta of 2.34.

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.