KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Short Interest Up 33.1% in March

KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 30,010,000 shares, a growth of 33.1% from the March 15th total of 22,550,000 shares. Currently, 12.3% of the company's stock are sold short. Based on an average trading volume of 16,430,000 shares, the days-to-cover ratio is currently 1.8 days.

Analysts Set New Price Targets

Separately, Benchmark restated a "buy" rating and issued a $5.00 price target on shares of KULR Technology Group in a research report on Tuesday, March 18th.

KULR Technology Group Price Performance

NYSEAMERICAN KULR remained flat at $1.24 on Wednesday. 8,920,575 shares of the company's stock traded hands, compared to its average volume of 14,183,967. The business's 50-day moving average price is $1.50 and its 200-day moving average price is $1.33. The company has a market cap of $339.20 million, a P/E ratio of -10.33 and a beta of 2.34. KULR Technology Group has a 12-month low of $0.20 and a 12-month high of $5.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71.

Institutional Trading of KULR Technology Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of KULR Technology Group during the 3rd quarter valued at $29,000. Gotham Asset Management LLC acquired a new position in KULR Technology Group during the fourth quarter worth $39,000. Brevan Howard Capital Management LP bought a new position in KULR Technology Group during the fourth quarter valued at about $41,000. Kellett Wealth Advisors LLC acquired a new stake in shares of KULR Technology Group in the fourth quarter worth about $43,000. Finally, International Assets Investment Management LLC bought a new stake in shares of KULR Technology Group during the 4th quarter worth about $56,000. 21.23% of the stock is currently owned by hedge funds and other institutional investors.

About KULR Technology Group

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.