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

Richtech Robotics Inc. (NASDAQ:RR) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,040,000 shares, an increase 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 days-to-cover ratio is currently 0.4 days. Approximately 11.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RR. Jane Street Group LLC bought a new stake in Richtech Robotics in the third quarter valued at about $174,000. Renaissance Technologies LLC bought a new stake in shares of Richtech Robotics in the 2nd quarter valued at about $142,000. Finally, Virtu Financial LLC increased its stake 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 valued at $158,000 after acquiring an additional 163,994 shares during the last quarter. 0.01% of the stock is currently owned by institutional investors.

Richtech Robotics Trading Down 5.8 %

Richtech Robotics stock traded down $0.19 during trading hours on Friday, reaching $3.10. 18,469,149 shares of the company’s stock traded hands, compared to its average volume of 38,607,344. The firm’s 50 day moving average is $1.57 and its 200-day moving average is $1.18. Richtech Robotics has a fifty-two week low of $0.30 and a fifty-two week high of $12.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.17 and a current ratio of 3.27.

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.