Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,980,000 shares, an increase of 28.4% from the November 30th total of 2,320,000 shares. Approximately 6.6% of the company's stock are sold short. Based on an average trading volume of 6,340,000 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Trading of Richtech Robotics
A number of hedge funds have recently made changes to their positions in RR. Virtu Financial LLC lifted its stake in shares of Richtech Robotics by 662.1% during the 3rd quarter. Virtu Financial LLC now owns 188,764 shares of the company's stock worth $158,000 after buying an additional 163,994 shares during the last quarter. Jane Street Group LLC acquired a new stake in Richtech Robotics during the third quarter worth approximately $174,000. Finally, Renaissance Technologies LLC acquired a new stake in Richtech Robotics during the 2nd quarter worth approximately $142,000. 0.01% of the stock is owned by institutional investors and hedge funds.
Richtech Robotics Price Performance
Shares of NASDAQ RR traded down $0.79 during mid-day trading on Tuesday, hitting $2.70. The company had a trading volume of 24,910,211 shares, compared to its average volume of 6,096,168. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.27 and a quick ratio of 3.17. The firm has a 50-day simple moving average of $0.94 and a two-hundred day simple moving average of $1.01. Richtech Robotics has a one year low of $0.30 and a one year high of $12.29.
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.
Recommended Stories
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 "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
