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

Richtech Robotics Inc. (NASDAQ:RR) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 10,340,000 shares, a growth of 20.7% from the January 15th total of 8,570,000 shares. Approximately 23.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,010,000 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Richtech Robotics

A number of hedge funds have recently bought and sold shares of RR. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of Richtech Robotics during the 4th quarter worth approximately $47,000. Arete Wealth Advisors LLC acquired a new stake in shares of Richtech Robotics during the 4th quarter worth approximately $69,000. Renaissance Technologies LLC acquired a new stake in shares of Richtech Robotics during the 4th quarter worth approximately $226,000. XTX Topco Ltd acquired a new stake in shares of Richtech Robotics during the 4th quarter worth approximately $293,000. Finally, Northern Trust Corp acquired a new stake in shares of Richtech Robotics during the 4th quarter worth approximately $297,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

Richtech Robotics Price Performance

Richtech Robotics stock traded down $0.29 during midday trading on Friday, reaching $2.75. The company had a trading volume of 15,901,253 shares, compared to its average volume of 20,457,204. The company has a current ratio of 72.63, a quick ratio of 70.11 and a debt-to-equity ratio of 0.01. Richtech Robotics has a 12-month low of $0.30 and a 12-month high of $5.20. The firm’s fifty day simple moving average is $2.49 and its 200-day simple moving average is $1.41.

Richtech Robotics (NASDAQ:RR) last released its quarterly earnings data on Friday, February 14th. The company reported ($0.04) EPS for the quarter. The business had revenue of $1.26 million for the quarter.

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.