Nauticus Robotics, Inc. (NASDAQ:KITT) Stock Short Interest Rises 48.2%

Nauticus Robotics, Inc. (NASDAQ:KITT) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 907,880 shares, a growth of 48.2% from the August 31st total of 612,768 shares. Currently, 18.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,890,313 shares, the days-to-cover ratio is currently 0.3 days.

Nauticus Robotics Stock Performance

KITT opened at $1.54 on Friday. Nauticus Robotics has a 1 year low of $1.55 and a 1 year high of $175.20. The firm has a 50 day moving average price of $4.57 and a 200 day moving average price of $10.79. The company has a market cap of $1.76 million, a PE ratio of -0.00 and a beta of -0.08.

Nauticus Robotics (NASDAQ:KITT) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($1.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($466.56) by $465.31. Nauticus Robotics had a negative net margin of 1,758.70% and a negative return on equity of 1,067.00%. The firm had revenue of $0.89 million for the quarter, compared to analysts’ expectations of $2.00 million.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KITT shares. Wall Street Zen cut shares of Nauticus Robotics from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nauticus Robotics in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Nauticus Robotics has an average rating of “Sell”.

Nauticus Robotics Company Profile

Nauticus Robotics, Inc is a Houston, Texas-based developer of autonomous robotics and related software for subsea and maritime operations. The company focuses on reducing the need for human divers and conventionally operated support vessels in offshore energy, defense, communications, and environmental applications.

Its principal technology includes Aquanaut, an autonomous underwater vehicle designed to travel through the water independently and perform subsea inspection, maintenance, and intervention tasks.