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

Nauticus Robotics, Inc. (NASDAQ:KITTGet Free Report) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totalling 84,900 shares, a decrease of 63.1% from the April 15th total of 230,300 shares. Based on an average trading volume of 1,610,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.5% of the company’s stock are short sold.

Insider Activity

In related news, CEO John W. Gibson, Jr. sold 352,475 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $0.19, for a total transaction of $66,970.25. Following the transaction, the chief executive officer now directly owns 615,305 shares of the company’s stock, valued at $116,907.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 47.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nauticus Robotics

An institutional investor recently raised its position in Nauticus Robotics stock. Adage Capital Partners GP L.L.C. raised its position in shares of Nauticus Robotics, Inc. (NASDAQ:KITTFree Report) by 109.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 241,654 shares of the company’s stock after purchasing an additional 126,460 shares during the period. Adage Capital Partners GP L.L.C. owned 0.49% of Nauticus Robotics worth $428,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 20.50% of the company’s stock.

Nauticus Robotics Stock Down 7.7 %

KITT stock traded down $0.01 during midday trading on Friday, hitting $0.15. The company’s stock had a trading volume of 582,375 shares, compared to its average volume of 383,855. The stock has a market cap of $9.15 million, a price-to-earnings ratio of -0.10 and a beta of 0.18. The stock’s 50-day moving average price is $0.23 and its 200 day moving average price is $0.66. Nauticus Robotics has a 1 year low of $0.15 and a 1 year high of $2.55.

Nauticus Robotics (NASDAQ:KITTGet Free Report) last issued its quarterly earnings results on Tuesday, April 9th. The company reported ($0.48) earnings per share for the quarter. The company had revenue of $1.06 million for the quarter.

Nauticus Robotics Company Profile

(Get Free Report)

Nauticus Robotics, Inc develops and provides ocean robots, software, and services to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle (AUV) with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; and Argonaut, a derivative product of the Aquanaut that is used for non-industrial and government applications.

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