Richtech Robotics Inc. (NASDAQ:RR) Short Interest Up 113.3% in August

Posted by Caroline Horne on Sep 15th, 2024

Richtech Robotics Inc. (NASDAQ:RR – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,240,000 shares, an increase of 113.3% from the August 15th total of 1,050,000 shares. Approximately 6.6% of the company’s stock are sold short. Based on an average trading volume of 13,210,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Richtech Robotics stock. Renaissance Technologies LLC bought a new stake in Richtech Robotics Inc. (NASDAQ:RR – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 108,400 shares of the company’s stock, valued at approximately $142,000. Renaissance Technologies LLC owned 0.16% of Richtech Robotics as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Richtech Robotics Stock Down 8.2 %

Richtech Robotics stock traded down $0.08 during mid-day trading on Friday, reaching $0.94. The company’s stock had a trading volume of 5,523,775 shares, compared to its average volume of 5,101,533. The company has a quick ratio of 3.17, a current ratio of 3.27 and a debt-to-equity ratio of 0.04. Richtech Robotics has a 12 month low of $0.30 and a 12 month high of $12.29. The business’s 50 day simple moving average is $1.13 and its 200 day simple moving average is $1.29.

Richtech Robotics (NASDAQ:RR – Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $1.44 million during the quarter.

About Richtech Robotics

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Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.