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

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

Nauticus Robotics Price Performance

NASDAQ:KITT opened at $1.76 on Wednesday. The stock has a fifty day moving average of $1.69 and a 200 day moving average of $1.86. Nauticus Robotics has a 52-week low of $0.82 and a 52-week high of $16.92.

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

Insiders Place Their Bets

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

Institutional Trading of Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV bought a new stake in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned 0.64% of Nauticus Robotics at the end of the most recent reporting period. Institutional investors own 20.50% of the company’s stock.

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.