KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Short Interest Up 24.5% in November

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 9,060,000 shares, a growth of 24.5% from the October 31st total of 7,280,000 shares. Currently, 4.6% of the company’s shares are short sold. Based on an average daily trading volume, of 12,830,000 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On KULR Technology Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in KULR Technology Group during the 2nd quarter worth about $31,000. Geode Capital Management LLC lifted its position in KULR Technology Group by 44.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock worth $443,000 after acquiring an additional 479,026 shares during the period. Finally, Virtu Financial LLC acquired a new stake in KULR Technology Group during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 21.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “speculative buy” rating and set a $1.00 price objective on shares of KULR Technology Group in a research report on Tuesday, August 13th.

KULR Technology Group Stock Up 21.1 %

KULR stock traded up $0.25 during trading on Monday, hitting $1.41. 140,760,154 shares of the company traded hands, compared to its average volume of 8,974,357. The stock has a market cap of $300.99 million, a P/E ratio of -12.91 and a beta of 1.74. KULR Technology Group has a 1 year low of $0.10 and a 1 year high of $1.75. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

KULR Technology Group Company Profile

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.