Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) was the recipient of a significant growth in short interest in 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. Based on an average trading volume of 12,000,000 shares, the short-interest ratio is presently 0.4 days. Currently, 11.2% of the shares of the company are sold short.
Institutional Trading of Richtech Robotics
Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in Richtech Robotics in the third quarter valued at about $174,000. Renaissance Technologies LLC bought a new position in shares of Richtech Robotics in the second quarter valued at approximately $142,000. Finally, 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 worth $158,000 after acquiring an additional 163,994 shares in the last quarter. Institutional investors and hedge funds own 0.01% of the company's stock.
Richtech Robotics Trading Down 5.8 %
NASDAQ RR traded down $0.19 during trading on Friday, reaching $3.10. 18,469,149 shares of the company traded hands, compared to its average volume of 38,607,344. Richtech Robotics has a 1-year low of $0.30 and a 1-year high of $12.29. The stock's 50 day moving average price is $1.57 and its two-hundred day moving average price is $1.18. The company has a quick ratio of 3.17, a current ratio of 3.27 and a debt-to-equity ratio of 0.04.
Richtech Robotics Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Richtech Robotics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Richtech Robotics wasn't on the list.
While Richtech Robotics currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
