Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Sees Large Decrease in Short Interest

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 21,000 shares, a decrease of 40.8% from the June 30th total of 35,500 shares. Based on an average trading volume of 32,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

Rapid Micro Biosystems Stock Down 2.2 %

RPID traded down $0.02 on Friday, hitting $0.67. 10,592 shares of the company traded hands, compared to its average volume of 24,774. The company has a 50 day moving average of $0.73 and a 200-day moving average of $0.87. The stock has a market capitalization of $28.72 million, a PE ratio of -0.55 and a beta of 1.06. Rapid Micro Biosystems has a 12-month low of $0.58 and a 12-month high of $1.19.

Rapid Micro Biosystems (NASDAQ:RPID) last posted its quarterly earnings data on Friday, May 3rd. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.02). The company had revenue of $5.61 million for the quarter, compared to analysts’ expectations of $5.57 million. Rapid Micro Biosystems had a negative net margin of 224.73% and a negative return on equity of 42.25%. On average, research analysts anticipate that Rapid Micro Biosystems will post -1.09 EPS for the current year.

Rapid Micro Biosystems Company Profile

Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.