KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Sees Large Drop in Short Interest

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 13,830,000 shares, a decrease of 6.5% from the December 15th total of 14,790,000 shares. Based on an average daily trading volume, of 34,410,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 6.2% of the company’s stock are sold short.

Hedge Funds Weigh In On KULR Technology Group

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of KULR Technology Group in the 4th quarter valued at approximately $56,000. Maiden Cove Capital LLC acquired a new stake in shares of KULR Technology Group in the 4th quarter valued at approximately $71,000. XTX Topco Ltd bought a new stake in shares of KULR Technology Group during the 2nd quarter valued at approximately $31,000. Fortem Financial Group LLC acquired a new position in KULR Technology Group during the 4th quarter worth approximately $298,000. Finally, Virtu Financial LLC bought a new position in KULR Technology Group in the 3rd quarter valued at approximately $29,000. 21.23% of the stock is currently owned by institutional investors and hedge funds.

KULR Technology Group Trading Down 8.1 %

KULR Technology Group stock traded down $0.20 during mid-day trading on Monday, hitting $2.28. 20,894,366 shares of the company’s stock traded hands, compared to its average volume of 48,441,220. The company has a market capitalization of $545.56 million, a price-to-earnings ratio of -19.00 and a beta of 2.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71. KULR Technology Group has a fifty-two week low of $0.10 and a fifty-two week high of $5.49.

KULR Technology Group Company Profile

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes.