Knightscope, Inc. (NASDAQ:KSCP) Short Interest Update

Key Points

• Knightscope, Inc. experienced a significant rise in short interest, increasing by 29.1% to 1,030,000 shares in August, with approximately 10.5% of its shares currently short sold.
• The company reported a quarterly EPS of ($0.90), outperforming estimates, despite a negative net margin of 282.34% and predictions of a -12.15 EPS for the current fiscal year.
• Brokerage analysts have varying views on Knightscope, with target prices ranging from $8.00 to $30.00 and an average target price of $15.33, indicating a general "buy" sentiment.

Knightscope, Inc. (NASDAQ:KSCP - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,030,000 shares, anincreaseof29.1% from the July 31st total of 798,000 shares. Based on an average daily trading volume, of 521,200 shares, the short-interest ratio is presently 2.0 days. Approximately10.5% of the shares of the company are short sold. Approximately10.5% of the shares of the company are short sold. Based on an average daily trading volume, of 521,200 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Total Investment Management Inc. acquired a new position in Knightscope in the 2nd quarter valued at approximately $25,000. Jane Street Group LLC bought a new position in shares of Knightscope during the 2nd quarter valued at $77,000. Geode Capital Management LLC raised its holdings in shares of Knightscope by 32.5% during the 2nd quarter. Geode Capital Management LLC now owns 53,372 shares of the company's stock valued at $264,000 after purchasing an additional 13,081 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Knightscope during the 1st quarter valued at $40,000. Institutional investors and hedge funds own 14.61% of the company's stock.

Knightscope Price Performance

KSCP stock traded up $0.21 on Tuesday, hitting $5.66. 207,025 shares of the company's stock traded hands, compared to its average volume of 378,853. Knightscope has a 1-year low of $2.45 and a 1-year high of $28.57. The stock has a market cap of $55.75 million, a price-to-earnings ratio of -0.87 and a beta of 1.74. The stock has a fifty day moving average of $6.28 and a 200-day moving average of $5.41. The company has a current ratio of 1.90, a quick ratio of 1.65 and a debt-to-equity ratio of 0.26.

Knightscope (NASDAQ:KSCP - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.90) EPS for the quarter, beating the consensus estimate of ($1.09) by $0.19. The business had revenue of $2.75 million during the quarter, compared to the consensus estimate of $2.86 million. Knightscope had a negative net margin of 282.34% and a negative return on equity of 213.31%. On average, analysts forecast that Knightscope will post -12.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KSCP. HC Wainwright reaffirmed a "buy" rating and set a $12.00 price objective on shares of Knightscope in a research report on Wednesday, September 3rd. Ascendiant Capital Markets lowered their price objective on shares of Knightscope from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Lake Street Capital set a $8.00 target price on shares of Knightscope and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen cut shares of Knightscope from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Knightscope currently has an average rating of "Buy" and an average target price of $15.33.

About Knightscope

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.

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