Knightscope, Inc. (NASDAQ:KSCP) Sees Significant Decrease in Short Interest

Knightscope, Inc. (NASDAQ:KSCP) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 363,700 shares, a drop of 9.0% from the December 31st total of 399,800 shares. Based on an average trading volume of 300,800 shares, the days-to-cover ratio is currently 1.2 days. Approximately 9.5% of the shares of the company are sold short.

Knightscope Price Performance

NASDAQ:KSCP opened at $10.51 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. Knightscope has a 1-year low of $4.89 and a 1-year high of $31.50. The firm has a 50-day moving average of $13.59.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright started coverage on Knightscope in a research note on Thursday. They issued a “buy” rating and a $16.00 price objective on the stock.

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.