Nauticus Robotics, Inc. (NASDAQ:KITT) Sees Large Increase in Short Interest

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

Nauticus Robotics Stock Down 28.4 %

Shares of KITT stock traded down $0.88 during mid-day trading on Thursday, reaching $2.22. 18,214,490 shares of the company’s stock traded hands, compared to its average volume of 28,844,902. The company’s 50-day moving average price is $1.54 and its 200-day moving average price is $2.02. The company has a market cap of $14.23 million, a P/E ratio of -0.04 and a beta of -0.15. Nauticus Robotics has a 12 month low of $0.82 and a 12 month high of $17.13.

Insider Buying and Selling

In other news, CEO John W. Gibson, Jr. purchased 52,157 shares of Nauticus Robotics stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average cost of $1.03 per share, with a total value of $53,721.71. Following the completion of the purchase, the chief executive officer now directly owns 71,713 shares in the company, valued at approximately $73,864.39. This trade represents a 266.71 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV purchased a new position in Nauticus Robotics, Inc. (NASDAQ:KITT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned about 0.64% of Nauticus Robotics as of its most recent SEC filing. 20.50% of the stock is owned by institutional investors and hedge funds.

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.