Short Interest in Knightscope, Inc. (NASDAQ:KSCP) Drops By 9.0%

Knightscope, Inc. (NASDAQ:KSCP) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 363,700 shares, a decrease of 9.0% from the December 31st total of 399,800 shares. Based on an average daily volume of 300,800 shares, the short-interest ratio is currently 1.2 days. Currently, 9.5% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright started coverage on Knightscope in a research report on Thursday. They issued a “buy” rating and a $16.00 target price for the company.

Knightscope Stock Up 1.9 %

Knightscope stock opened at $10.51 on Friday. The stock’s 50 day moving average is $13.59. Knightscope has a twelve month low of $4.89 and a twelve month high of $31.50. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.42.

Knightscope Company Profile

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.