Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 2,640,000 shares, a decrease of 32.0% from the October 31st total of 3,880,000 shares. Currently, 5.9% of the company's stock are short sold. Based on an average daily volume of 4,540,000 shares, the short-interest ratio is presently 0.6 days.
Richtech Robotics Price Performance
Shares of RR stock traded up $0.08 on Friday, reaching $0.74. The stock had a trading volume of 4,202,854 shares, compared to its average volume of 4,826,260. Richtech Robotics has a 12 month low of $0.30 and a 12 month high of $12.29. The company has a quick ratio of 3.17, a current ratio of 3.27 and a debt-to-equity ratio of 0.04. The firm's 50-day moving average is $0.68 and its two-hundred day moving average is $0.99.
Hedge Funds Weigh In On Richtech Robotics
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new stake in shares of Richtech Robotics during the second quarter worth approximately $142,000. Jane Street Group LLC bought a new stake in Richtech Robotics in the 3rd quarter valued at $174,000. Finally, Virtu Financial LLC grew its holdings in 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 in the last quarter. 0.01% of the stock is owned by institutional investors.
Richtech Robotics Company Profile
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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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