Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Short Interest Update

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 58,200 shares, a growth of 87.1% from the November 30th total of 31,100 shares. Based on an average daily volume of 67,900 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the company’s stock are sold short.

Rapid Micro Biosystems Trading Up 5.2 %

Shares of RPID stock traded up $0.05 on Friday, reaching $0.96. 89,392 shares of the stock were exchanged, compared to its average volume of 90,452. The company has a market capitalization of $41.23 million, a price-to-earnings ratio of -0.86 and a beta of 1.06. The business’s 50 day moving average price is $1.04 and its 200 day moving average price is $0.88. Rapid Micro Biosystems has a twelve month low of $0.58 and a twelve month high of $1.34.

Rapid Micro Biosystems (NASDAQ:RPID) last released its quarterly earnings data on Friday, November 1st. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Rapid Micro Biosystems had a negative return on equity of 48.05% and a negative net margin of 184.93%. The business had revenue of $7.60 million for the quarter, compared to analyst estimates of $6.30 million. During the same period in the prior year, the company posted ($0.31) earnings per share. Equities research analysts forecast that Rapid Micro Biosystems will post -1.09 earnings per share for the current year.

About Rapid Micro Biosystems

Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.