Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Up 110.2% in January

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

Nauticus Robotics Price Performance

Shares of NASDAQ KITT opened at $1.76 on Wednesday. Nauticus Robotics has a 1 year low of $0.82 and a 1 year high of $16.92. The firm has a 50-day moving average of $1.69 and a 200 day moving average of $1.86.

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

Insider Buying and Selling

In other news, CEO John W. Gibson, Jr. acquired 52,157 shares of the stock in a transaction on Tuesday, November 26th. The stock was acquired at an average price of $1.03 per share, with a total value of $53,721.71. Following the completion of the transaction, the chief executive officer now owns 71,713 shares of the company’s stock, valued at $73,864.39. This represents a 266.71 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 12.00% of the stock is currently owned by insiders.

Institutional Trading of Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV acquired a new stake in Nauticus Robotics, Inc. (NASDAQ:KITT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned approximately 0.64% of Nauticus Robotics at the end of the most recent quarter. Hedge funds and other institutional investors own 20.50% of the company’s stock.

About Nauticus Robotics

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.