KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Short Interest Update

Posted by Cindy Kellogue on Dec 2nd, 2024

KULR Technology Group, Inc. (NYSEAMERICAN:KULR – Get Free Report) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 9,060,000 shares, an increase of 24.5% from the October 31st total of 7,280,000 shares. Currently, 4.6% of the shares of the stock are sold short. Based on an average daily volume of 12,830,000 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on KULR Technology Group

Hedge Funds Weigh In On KULR Technology Group

A number of hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of KULR Technology Group in the third quarter valued at approximately $29,000. XTX Topco Ltd bought a new position in KULR Technology Group in the 2nd quarter valued at $31,000. Finally, Geode Capital Management LLC boosted its stake in KULR Technology Group by 44.5% in the third quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock worth $443,000 after purchasing an additional 479,026 shares in the last quarter. 21.23% of the stock is owned by institutional investors and hedge funds.

KULR Technology Group Trading Up 21.1 %

KULR Technology Group stock traded up $0.25 during trading hours on Monday, hitting $1.41. The stock had a trading volume of 140,760,154 shares, compared to its average volume of 8,974,357. KULR Technology Group has a fifty-two week low of $0.10 and a fifty-two week high of $1.75. The stock has a market cap of $300.99 million, a price-to-earnings ratio of -11.71 and a beta of 1.74. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

KULR Technology Group Company Profile

(Get Free Report)

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.