Short Interest in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Declines By 6.5%

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) saw a significant 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. Approximately 6.2% of the company’s stock are sold short. Based on an average daily volume of 34,410,000 shares, the short-interest ratio is currently 0.4 days.

KULR Technology Group Stock Performance

Shares of KULR stock traded down $0.20 during trading on Friday, reaching $2.28. 20,894,366 shares of the company’s stock traded hands, compared to its average volume of 48,441,220. The stock has a market capitalization of $545.56 million, a P/E ratio of -19.00 and a beta of 2.43. KULR Technology Group has a 1 year low of $0.10 and a 1 year high of $5.49. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

Institutional Trading of KULR Technology Group

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in KULR Technology Group by 44.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after acquiring an additional 479,026 shares during the period. Virtu Financial LLC purchased a new position in shares of KULR Technology Group during the third quarter valued at about $29,000. Fortem Financial Group LLC bought a new position in shares of KULR Technology Group in the 4th quarter worth approximately $298,000. XTX Topco Ltd purchased a new stake in KULR Technology Group in the second quarter worth $31,000. Finally, Maiden Cove Capital LLC bought a new position in KULR Technology Group in the fourth quarter worth $71,000. Hedge funds and other institutional investors own 21.23% of the company’s stock.

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.