Nauticus Robotics, Inc. (NASDAQ:KITT) Short Interest Down 81.8% in April

Nauticus Robotics, Inc. (NASDAQ:KITT) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 617,155 shares, a decrease of 81.8% from the April 15th total of 3,382,377 shares. Based on an average daily volume of 617,422 shares, the short-interest ratio is presently 1.0 days. Approximately 19.2% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nauticus Robotics in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Nauticus Robotics has a consensus rating of “Sell”.

Nauticus Robotics Stock Down 6.2%

KITT stock traded down $0.15 during trading on Tuesday, hitting $2.26. The company had a trading volume of 145,362 shares, compared to its average volume of 553,939. Nauticus Robotics has a 1-year low of $2.12 and a 1-year high of $87.12. The firm has a 50-day moving average price of $4.23 and a 200-day moving average price of $7.10. The firm has a market cap of $9.86 million, a PE ratio of -0.03 and a beta of -0.22.

Institutional Investors Weigh In On Nauticus Robotics

Institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP purchased a new stake in Nauticus Robotics in the 4th quarter valued at approximately $35,000. Jane Street Group LLC purchased a new stake in Nauticus Robotics in the 4th quarter valued at approximately $90,000. Geode Capital Management LLC lifted its stake in Nauticus Robotics by 428.8% in the 4th quarter. Geode Capital Management LLC now owns 214,689 shares of the company’s stock valued at $165,000 after buying an additional 174,086 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Nauticus Robotics by 164.1% in the 2nd quarter. Osaic Holdings Inc. now owns 90,190 shares of the company’s stock valued at $81,000 after buying an additional 56,035 shares in the last quarter. Hedge funds and other 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.