Knightscope, Inc. (NASDAQ:KSCP) Short Interest Down 97.9% in September

Knightscope, Inc. (NASDAQ:KSCP) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 233,300 shares, a decrease of 97.9% from the August 31st total of 11,230,000 shares. Based on an average daily trading volume, of 82,200 shares, the short-interest ratio is currently 2.8 days. Approximately 8.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Knightscope

An institutional investor recently bought a new position in Knightscope stock. Traynor Capital Management Inc. purchased a new stake in Knightscope, Inc. (NASDAQ:KSCP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 100,001 shares of the company’s stock, valued at approximately $50,000. Traynor Capital Management Inc. owned approximately 0.11% of Knightscope as of its most recent SEC filing. Institutional investors own 14.61% of the company’s stock.

Knightscope Price Performance

Shares of Knightscope stock opened at $6.79 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. Knightscope has a 12-month low of $4.89 and a 12-month high of $49.94. The stock has a market capitalization of $775.78 million, a PE ratio of -19.97 and a beta of 1.90.

Knightscope (NASDAQ:KSCP) last posted its earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $3.20 million for the quarter.

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.