Kraken Robotics Inc. (OTCMKTS:KRKNF) Short Interest Update

Kraken Robotics Inc. (OTCMKTS:KRKNF) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 3,846,896 shares, a growth of 57.3% from the February 26th total of 2,445,446 shares. Based on an average daily volume of 4,090,973 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KRKNF. National Bank Financial downgraded shares of Kraken Robotics from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 14th. Desjardins upgraded shares of Kraken Robotics to a “moderate buy” rating in a research note on Thursday, March 12th. ATB Cormark Capital Markets downgraded shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Scotiabank reissued an “outperform” rating on shares of Kraken Robotics in a report on Wednesday, February 18th. Finally, Zacks Research raised shares of Kraken Robotics to a “hold” rating in a report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Kraken Robotics Stock Performance

KRKNF stock opened at $5.97 on Friday. Kraken Robotics has a one year low of $1.40 and a one year high of $8.13. The firm’s fifty day moving average is $6.25 and its 200 day moving average is $4.95.

Kraken Robotics Company Profile

Kraken Robotics Ltd. is a marine technology company headquartered in St. John’s, Newfoundland and Labrador, Canada. The company specializes in the design, development and manufacture of advanced underwater robotic platforms and sensor systems. Kraken’s solutions are built to support a range of subsea activities, from high-resolution seabed mapping and inspection to autonomous data collection and remote operations.

Kraken’s product suite includes synthetic aperture sonar, side-scan and interferometric sonar arrays, laser imaging systems, and acoustic ranging sensors, as well as autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs).