Richtech Robotics Inc. (NASDAQ:RR) Short Interest Up 69.1% in December

Richtech Robotics Inc. (NASDAQ:RR) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 5,040,000 shares, a growth of 69.1% from the December 15th total of 2,980,000 shares. Based on an average trading volume of 12,000,000 shares, the short-interest ratio is presently 0.4 days. Currently, 11.2% of the shares of the company are sold short.

Institutional Trading of Richtech Robotics

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in Richtech Robotics in the third quarter valued at about $174,000. Renaissance Technologies LLC bought a new position in shares of Richtech Robotics in the second quarter valued at approximately $142,000. Finally, Virtu Financial LLC boosted its holdings in shares of Richtech Robotics by 662.1% in the 3rd quarter. Virtu Financial LLC now owns 188,764 shares of the company’s stock worth $158,000 after acquiring an additional 163,994 shares in the last quarter. Institutional investors and hedge funds own 0.01% of the company’s stock.

Richtech Robotics Trading Down 5.8 %

NASDAQ RR traded down $0.19 during trading on Friday, reaching $3.10. 18,469,149 shares of the company traded hands, compared to its average volume of 38,607,344. Richtech Robotics has a 1-year low of $0.30 and a 1-year high of $12.29. The stock’s 50 day moving average price is $1.57 and its two-hundred day moving average price is $1.18. 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 Company Profile

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.