Short Interest in Kraken Robotics Inc. (OTCMKTS:KRKNF) Increases By 34.6%

Kraken Robotics Inc. (OTCMKTS:KRKNF) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 593,300 shares, an increase of 34.6% from the February 28th total of 440,900 shares. Based on an average daily volume of 605,300 shares, the short-interest ratio is presently 1.0 days.

Kraken Robotics Stock Down 2.6 %

OTCMKTS:KRKNF traded down $0.05 during trading hours on Monday, hitting $1.69. The stock had a trading volume of 261,979 shares, compared to its average volume of 436,773. The company has a 50 day simple moving average of $1.75 and a two-hundred day simple moving average of $1.63. Kraken Robotics has a one year low of $0.68 and a one year high of $2.12.

Wall Street Analyst Weigh In

Separately, Raymond James set a $3.50 price objective on Kraken Robotics in a report on Thursday, January 23rd.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.