Kraken Robotics Inc. (OTCMKTS:KRKNF) Short Interest Up 34.6% in March

Kraken Robotics Inc. (OTCMKTS:KRKNF) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 593,300 shares, an increase of 34.6% from the February 28th total of 440,900 shares. Based on an average daily volume of 605,300 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analyst Weigh In

Separately, Raymond James set a $3.50 price target on shares of Kraken Robotics in a research note on Thursday, January 23rd.

Kraken Robotics Trading Down 2.6 %

Shares of Kraken Robotics stock traded down $0.05 during trading hours on Tuesday, hitting $1.69. The company had a trading volume of 261,979 shares, compared to its average volume of 436,773. The company’s 50-day moving average is $1.74 and its two-hundred day moving average is $1.63. Kraken Robotics has a twelve month low of $0.68 and a twelve month high of $2.12.

Kraken Robotics Company Profile

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.