Richtech Robotics Inc. (NASDAQ:RR) Sees Significant Growth in Short Interest

Richtech Robotics Inc. (NASDAQ:RR) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,980,000 shares, a growth of 28.4% from the November 30th total of 2,320,000 shares. Currently, 6.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,340,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RR. Renaissance Technologies LLC acquired a new position in shares of Richtech Robotics during the 2nd quarter worth approximately $142,000. Virtu Financial LLC increased its position in Richtech Robotics by 662.1% during the third quarter. Virtu Financial LLC now owns 188,764 shares of the company’s stock worth $158,000 after buying an additional 163,994 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Richtech Robotics during the third quarter worth $174,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

Richtech Robotics Stock Down 22.6 %

RR stock traded down $0.79 during trading on Tuesday, reaching $2.70. 24,910,211 shares of the company were exchanged, compared to its average volume of 6,096,168. Richtech Robotics has a 52-week low of $0.30 and a 52-week high of $12.29. The company has a quick ratio of 3.17, a current ratio of 3.27 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $0.94 and its 200 day moving average price is $1.01.

About Richtech Robotics

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.