Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 10,340,000 shares, a growth of 20.7% from the January 15th total of 8,570,000 shares. Based on an average daily trading volume, of 18,010,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 23.0% of the shares of the stock are short sold.
Institutional Investors Weigh In On Richtech Robotics
Several hedge funds and other institutional investors have recently modified their holdings of RR. Citadel Advisors LLC bought a new stake in shares of Richtech Robotics in the 4th quarter worth approximately $31,000. Global Wealth Management Investment Advisory Inc. acquired a new stake in Richtech Robotics in the 4th quarter valued at about $47,000. Arete Wealth Advisors LLC acquired a new stake in Richtech Robotics during the fourth quarter valued at approximately $69,000. Cary Street Partners Financial LLC purchased a new stake in shares of Richtech Robotics during the fourth quarter valued at $92,000. Finally, Two Sigma Investments LP purchased a new stake in Richtech Robotics during the fourth quarter valued at about $113,000. Institutional investors own 0.01% of the company's stock.
Richtech Robotics Price Performance
NASDAQ:RR traded down $0.01 during trading hours on Wednesday, reaching $2.55. 7,953,741 shares of the company traded hands, compared to its average volume of 24,576,811. The firm's 50-day moving average is $2.60 and its 200-day moving average is $1.43. Richtech Robotics has a 1-year low of $0.30 and a 1-year high of $5.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 72.63 and a quick ratio of 70.11.
Richtech Robotics (NASDAQ:RR - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $1.26 million during the quarter.
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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