Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Update

Nauticus Robotics, Inc. (NASDAQ:KITT) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 615,300 shares, a growth of 139.5% from the November 15th total of 256,900 shares. Currently, 11.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,070,000 shares, the short-interest ratio is presently 0.6 days.

Nauticus Robotics Stock Performance

KITT traded down $0.03 on Thursday, reaching $1.01. The company had a trading volume of 320,193 shares, compared to its average volume of 741,820. The stock has a market cap of $6.47 million, a P/E ratio of -0.02 and a beta of -0.02. Nauticus Robotics has a fifty-two week low of $0.85 and a fifty-two week high of $29.07. The company’s fifty day moving average is $1.22 and its 200 day moving average is $2.67.

Insider Buying and Selling at Nauticus Robotics

In related news, CEO John W. Gibson, Jr. acquired 52,157 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were purchased at an average cost of $1.03 per share, for a total transaction of $53,721.71. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Nauticus Robotics

A hedge fund recently bought a new stake in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV purchased a new stake in Nauticus Robotics, Inc. (NASDAQ:KITT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned 0.64% of Nauticus Robotics at the end of the most recent reporting period. Hedge funds and other institutional investors own 20.50% of the company’s stock.

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.