Kraken Robotics Inc. (OTCMKTS:KRKNF) Short Interest Up 28.0% in May

Kraken Robotics Inc. (OTCMKTS:KRKNF) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 669,700 shares, an increase of 28.0% from the May 15th total of 523,300 shares. Based on an average daily trading volume, of 482,900 shares, the days-to-cover ratio is currently 1.4 days.

Kraken Robotics Price Performance

Shares of OTCMKTS:KRKNF opened at $1.96 on Friday. The business has a 50-day moving average price of $1.80 and a 200 day moving average price of $1.78. Kraken Robotics has a 12-month low of $0.68 and a 12-month high of $2.24.

Wall Street Analysts Forecast Growth

KRKNF has been the topic of several research reports. National Bankshares initiated coverage on shares of Kraken Robotics in a report on Thursday, April 24th. They issued an “outperform” rating on the stock. Desjardins reiterated a “buy” rating on shares of Kraken Robotics in a research report on Wednesday, April 30th.

About Kraken Robotics

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.