Nauticus Robotics, Inc. (NASDAQ:KITT) Sees Significant Growth in Short Interest

Nauticus Robotics, Inc. (NASDAQ:KITT) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,140,949 shares, an increase of 297.7% from the November 30th total of 538,274 shares. Based on an average trading volume of 33,544,804 shares, the short-interest ratio is currently 0.1 days. Currently, 18.3% of the shares of the company are short sold. Currently, 18.3% of the shares of the company are short sold. Based on an average trading volume of 33,544,804 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nauticus Robotics in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Nauticus Robotics Price Performance

Shares of NASDAQ KITT traded down $0.00 during trading hours on Friday, hitting $0.90. 1,965,392 shares of the stock were exchanged, compared to its average volume of 20,356,020. The company has a debt-to-equity ratio of 18.06, a quick ratio of 0.19 and a current ratio of 0.21. The company has a market cap of $12.34 million, a PE ratio of 0.00 and a beta of -0.17. The company’s fifty day simple moving average is $1.29 and its two-hundred day simple moving average is $4.83. Nauticus Robotics has a 1-year low of $0.71 and a 1-year high of $54.36.

Insider Activity at Nauticus Robotics

In other Nauticus Robotics news, major shareholder International Ltd Transocean sold 28,185 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $0.90, for a total transaction of $25,366.50. Following the transaction, the insider owned 2,122,531 shares in the company, valued at $1,910,277.90. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ltd. Transocean sold 2,021,920 shares of Nauticus Robotics stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $1.02, for a total value of $2,062,358.40. Following the sale, the insider directly owned 6,421 shares of the company’s stock, valued at $6,549.42. This represents a 99.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,144,295 shares of company stock worth $2,161,720 in the last ninety days. 14.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nauticus Robotics

An institutional investor recently raised its position in Nauticus Robotics stock. Osaic Holdings Inc. boosted its stake in Nauticus Robotics, Inc. (NASDAQ:KITT) by 164.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,190 shares of the company’s stock after purchasing an additional 56,035 shares during the period. Osaic Holdings Inc. owned about 0.21% of Nauticus Robotics worth $81,000 at the end of the most recent quarter. 20.50% of the stock is currently owned by institutional investors and hedge funds.

About Nauticus Robotics

Nauticus Robotics, Inc (NASDAQ: KITT) is a maritime robotics company focused on developing and deploying uncrewed surface and subsea vessels for inspection, survey and maintenance applications. The company’s solutions combine purpose-built hardware with advanced autonomy software and sensor integration, allowing operators to conduct offshore and in-shore missions without personnel aboard. By digitizing routine vessel operations, Nauticus Robotics aims to reduce the time, cost and risk associated with traditional crewed marine services.

The company’s product portfolio includes modular uncrewed surface vessels (USVs) and remotely operated vehicles (ROVs) equipped with high-resolution sonar, cameras and other environmental sensors.