Short Interest in Knightscope, Inc. (NASDAQ:KSCP) Expands By 31.9%

Knightscope, Inc. (NASDAQ:KSCP) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 11,000,000 shares, an increase of 31.9% from the July 15th total of 8,340,000 shares. Based on an average trading volume of 2,230,000 shares, the days-to-cover ratio is currently 4.9 days. Currently, 9.8% of the company’s stock are short sold.

Institutional Investors Weigh In On Knightscope

A hedge fund recently raised its stake in Knightscope stock. Kingsview Wealth Management LLC boosted its holdings in Knightscope, Inc. (NASDAQ:KSCP) by 32.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,900 shares of the company’s stock after purchasing an additional 30,600 shares during the quarter. Kingsview Wealth Management LLC owned about 0.17% of Knightscope worth $75,000 at the end of the most recent quarter. 14.61% of the stock is owned by institutional investors.

Knightscope Stock Down 22.8 %

NASDAQ:KSCP traded down $0.07 during trading hours on Thursday, reaching $0.22. The company had a trading volume of 5,956,294 shares, compared to its average volume of 1,919,554. Knightscope has a twelve month low of $0.18 and a twelve month high of $1.40. The firm has a market cap of $25.48 million, a price-to-earnings ratio of -0.65 and a beta of 1.88. The business’s 50-day simple moving average is $0.26 and its two-hundred day simple moving average is $0.39.

Knightscope (NASDAQ:KSCP) last issued its earnings results on Thursday, May 16th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $2.25 million during 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.