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

Nauticus Robotics, Inc. (NASDAQ:KITT) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 907,880 shares, an increase of 48.2% from the August 31st total of 612,768 shares. Based on an average daily volume of 2,890,313 shares, the short-interest ratio is presently 0.3 days. Approximately 18.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Nauticus Robotics Trading Down 17.3%

NASDAQ:KITT traded down $0.33 during trading hours on Thursday, hitting $1.58. 570,084 shares of the stock traded hands, compared to its average volume of 167,039. The firm has a 50 day moving average price of $4.63 and a 200 day moving average price of $11.02. The firm has a market cap of $1.80 million, a price-to-earnings ratio of -0.00 and a beta of -0.20. Nauticus Robotics has a fifty-two week low of $1.55 and a fifty-two week high of $175.20.

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

About Nauticus Robotics

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.