Knightscope, Inc. (NASDAQ:KSCP) Short Interest Down 97.9% in September

Knightscope, Inc. (NASDAQ:KSCP) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 233,300 shares, a decline of 97.9% from the August 31st total of 11,230,000 shares. Approximately 8.7% of the shares of the company are sold short. Based on an average trading volume of 82,200 shares, the days-to-cover ratio is presently 2.8 days.

Knightscope Stock Performance

Shares of NASDAQ:KSCP traded up $0.45 during trading on Wednesday, reaching $5.80. 200,904 shares of the company traded hands, compared to its average volume of 50,099. The company has a market cap of $662.67 million, a price-to-earnings ratio of -17.06 and a beta of 1.90. Knightscope has a 52 week low of $4.89 and a 52 week high of $49.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 1.21.

Knightscope (NASDAQ:KSCP) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $3.20 million during the quarter.

Hedge Funds Weigh In On Knightscope

A hedge fund recently raised its stake in Knightscope stock. Traynor Capital Management Inc. increased its holdings in shares of Knightscope, Inc. (NASDAQ:KSCP) by 100.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 200,001 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Traynor Capital Management Inc. owned approximately 0.18% of Knightscope worth $61,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 14.61% of the company’s stock.

Knightscope Company Profile

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.