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

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

Nauticus Robotics Stock Down 2.6%

Shares of NASDAQ KITT traded down $0.02 during midday trading on Thursday, reaching $0.89. 1,871,739 shares of the company’s stock traded hands, compared to its average volume of 20,282,404. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 18.06. The company has a market cap of $12.26 million, a price-to-earnings ratio of 0.00 and a beta of -0.17. The stock’s 50 day simple moving average is $1.37 and its 200-day simple moving average is $4.91. Nauticus Robotics has a one year low of $0.71 and a one year high of $54.36.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, major shareholder Ltd. Transocean sold 2,021,920 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $1.02, for a total value of $2,062,358.40. Following the transaction, the insider directly owned 6,421 shares in the company, valued at approximately $6,549.42. This represents a 99.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder International Ltd Transocean sold 28,185 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $0.90, for a total transaction of $25,366.50. Following the completion of the transaction, the insider directly owned 2,122,531 shares in the company, valued at $1,910,277.90. This represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,144,295 shares of company stock worth $2,161,720. Insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Nauticus Robotics

An institutional investor recently raised its position in Nauticus Robotics stock. Osaic Holdings Inc. boosted its position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) by 164.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,190 shares of the company’s stock after acquiring an additional 56,035 shares during the period. Osaic Holdings Inc. owned 0.21% of Nauticus Robotics worth $81,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 20.50% of the company’s stock.

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.