Richtech Robotics Inc. (NASDAQ:RR) Short Interest Update

Richtech Robotics Inc. (NASDAQ:RR) saw a large growth in short interest during 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. Based on an average daily volume of 6,340,000 shares, the short-interest ratio is presently 0.5 days. Currently, 6.6% of the company’s shares are sold short.

Richtech Robotics Trading Down 22.6 %

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

Institutional Trading of Richtech Robotics

A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in Richtech Robotics during the second quarter worth about $142,000. Jane Street Group LLC acquired a new position in shares of Richtech Robotics during the 3rd quarter valued at about $174,000. Finally, Virtu Financial LLC lifted its holdings in shares of Richtech Robotics by 662.1% during 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 during the period. Institutional investors and hedge funds own 0.01% of the company’s stock.

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.