Short Interest in Knightscope, Inc. (NASDAQ:KSCP) Expands By 45.5%

by · The Cerbat Gem

Knightscope, Inc. (NASDAQ:KSCP – Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 760,700 shares, a growth of 45.5% from the March 15th total of 522,900 shares. Based on an average trading volume of 266,700 shares, the short-interest ratio is currently 2.9 days. Approximately 11.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Knightscope stock. Geode Capital Management LLC raised its position in shares of Knightscope, Inc. (NASDAQ:KSCP – Free Report) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,111 shares of the company’s stock after purchasing an additional 3,486 shares during the quarter. Geode Capital Management LLC owned 0.84% of Knightscope worth $367,000 at the end of the most recent quarter. Institutional investors and hedge funds own 14.61% of the company’s stock.

Knightscope Price Performance

Shares of KSCP stock traded up $0.34 during midday trading on Friday, reaching $4.82. 446,189 shares of the company were exchanged, compared to its average volume of 194,638. Knightscope has a 12 month low of $2.45 and a 12 month high of $28.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 1.00. The company has a market cap of $33.26 million, a P/E ratio of -0.35 and a beta of 1.86. The company’s 50 day moving average price is $5.11 and its two-hundred day moving average price is $10.73.

Knightscope (NASDAQ:KSCP – Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The company reported ($0.78) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.88) by $1.10. The business had revenue of $2.81 million during the quarter, compared to analyst estimates of $2.52 million. During the same period in the previous year, the company posted ($16.77) earnings per share. On average, sell-side analysts expect that Knightscope will post -12.15 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on KSCP. HC Wainwright reissued a “buy” rating and set a $12.00 price objective (down from $16.00) on shares of Knightscope in a report on Monday, April 7th. Lake Street Capital reduced their price target on shares of Knightscope from $17.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, April 1st.

Read Our Latest Research Report on KSCP

Knightscope Company Profile

(Get Free Report)

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.

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