Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 1,950,000 shares, a decline of 12.9% from the August 31st total of 2,240,000 shares. Based on an average daily volume of 14,340,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.1% of the company's shares are sold short.
Richtech Robotics Trading Up 6.1 %
Shares of Richtech Robotics stock traded up $0.05 during trading hours on Friday, reaching $0.91. The stock had a trading volume of 5,750,480 shares, compared to its average volume of 7,359,403. 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 1 year low of $0.30 and a 1 year high of $12.29. The firm has a 50 day simple moving average of $1.05 and a two-hundred day simple moving average of $1.25.
Richtech Robotics (NASDAQ:RR - Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $1.44 million for the quarter.
Institutional Investors Weigh In On Richtech Robotics
A hedge fund recently bought a new stake in Richtech Robotics stock. Renaissance Technologies LLC purchased a new position in shares of Richtech Robotics Inc. (NASDAQ:RR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 108,400 shares of the company's stock, valued at approximately $142,000. Renaissance Technologies LLC owned approximately 0.16% of Richtech Robotics at the end of the most recent quarter. Institutional investors own 0.01% of the company's stock.
About Richtech Robotics
(
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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.
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