Short Interest in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Drops By 5.6%

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 7,220,000 shares, a decrease of 5.6% from the September 30th total of 7,650,000 shares. Based on an average daily volume of 1,990,000 shares, the short-interest ratio is currently 3.6 days. Currently, 4.0% of the company’s shares are short sold.

Hedge Funds Weigh In On KULR Technology Group

A hedge fund recently bought a new stake in KULR Technology Group stock. XTX Topco Ltd acquired a new stake in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 77,997 shares of the company’s stock, valued at approximately $31,000. Institutional investors and hedge funds own 21.23% of the company’s stock.

KULR Technology Group Trading Down 0.1 %

Shares of KULR traded down $0.00 during mid-day trading on Friday, hitting $0.28. The company’s stock had a trading volume of 160,843 shares, compared to its average volume of 5,128,518. KULR Technology Group has a 52-week low of $0.10 and a 52-week high of $0.90. The company has a quick ratio of 0.53, a current ratio of 0.62 and a debt-to-equity ratio of 0.07.

KULR Technology Group (NYSEAMERICAN:KULR) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). KULR Technology Group had a negative net margin of 226.61% and a negative return on equity of 1,529.98%. The company had revenue of $2.43 million for the quarter, compared to the consensus estimate of $2.30 million. As a group, research analysts forecast that KULR Technology Group will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

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

About KULR Technology Group

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.