Short Interest in Nauticus Robotics, Inc. (NASDAQ:KITTW) Declines By 85.0%

Nauticus Robotics, Inc. (NASDAQ:KITTW) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 15,052 shares, a drop of 85.0% from the July 15th total of 100,625 shares. Based on an average daily volume of 120,498 shares, the days-to-cover ratio is currently 0.1 days.

Nauticus Robotics Stock Performance

Shares of Nauticus Robotics stock traded down $0.00 during midday trading on Wednesday, hitting $0.01. The company had a trading volume of 23,404 shares, compared to its average volume of 82,695. The company has a fifty day simple moving average of $0.02 and a 200 day simple moving average of $0.04. Nauticus Robotics has a 12-month low of $0.01 and a 12-month high of $0.15.

Nauticus Robotics Company Profile

Nauticus Robotics, Inc is a marine technology company focused on the development and deployment of autonomous and remotely operated underwater vehicles. The company’s mission centers on transforming offshore operations through robotics-as-a-service, reducing reliance on traditional vessels and divers for subsea inspection, maintenance and repair. By leveraging advanced engineering, artificial intelligence and proprietary control software, Nauticus delivers scalable solutions that improve safety, efficiency and environmental stewardship in offshore energy, defense and scientific research applications.

The company’s flagship platforms include the Aquanaut autonomous hybrid vehicle and the Hydro-Mapper autonomous surface vessel.