Knightscope, Inc. (NASDAQ:KSCP) Short Interest Up 45.5% in March

Knightscope, Inc. (NASDAQ:KSCP) was the recipient of a significant growth in short interest in the month of 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 days-to-cover ratio is presently 2.9 days. Currently, 11.7% of the company’s shares are sold short.

Knightscope Stock Performance

Shares of KSCP stock opened at $4.82 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. Knightscope has a 52 week low of $2.45 and a 52 week high of $28.57. The firm has a market capitalization of $33.26 million, a price-to-earnings ratio of -0.35 and a beta of 1.86. The stock has a fifty day moving average of $5.01 and a 200 day moving average of $10.74.

Knightscope (NASDAQ:KSCP) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.78) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.88) by $1.10. The company had revenue of $2.81 million for the quarter, compared to analysts’ expectations of $2.52 million. During the same quarter in the prior year, the firm earned ($16.77) EPS. As a group, research analysts expect that Knightscope will post -12.15 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Knightscope stock. Geode Capital Management LLC increased its position in Knightscope, Inc. (NASDAQ:KSCP) by 13.6% during the 4th quarter, according to the company in its most recent Form 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 period. Geode Capital Management LLC owned 0.84% of Knightscope worth $367,000 at the end of the most recent reporting period. 14.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KSCP has been the subject of a number of analyst reports. Lake Street Capital dropped their target price 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. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price target (down previously from $16.00) on shares of Knightscope in a research report on Monday, April 7th.

About Knightscope

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.