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

Richtech Robotics Inc. (NASDAQ:RR) was the target of a significant growth in short interest during 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. Currently, 11.2% of the company’s stock are sold short. Based on an average daily volume of 12,000,000 shares, the short-interest ratio is presently 0.4 days.

Richtech Robotics Price Performance

NASDAQ:RR traded down $0.19 during trading hours on Friday, reaching $3.10. 18,556,403 shares of the stock were exchanged, compared to its average volume of 38,615,836. The firm has a 50 day simple moving average of $1.62 and a 200-day simple moving average of $1.19. The company has a current ratio of 3.27, a quick ratio of 3.17 and a debt-to-equity ratio of 0.04. Richtech Robotics has a 52 week low of $0.30 and a 52 week high of $12.29.

Institutional Investors Weigh In On Richtech Robotics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in Richtech Robotics during the second quarter valued at $142,000. 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 valued at $158,000 after buying an additional 163,994 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Richtech Robotics in the 3rd quarter valued at about $174,000. 0.01% of the stock is owned by institutional investors and hedge funds.

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.