Short Interest in Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Grows By 300.0%

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 70,400 shares, an increase of 300.0% from the October 15th total of 17,600 shares. Based on an average daily volume of 72,700 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s shares are short sold.

Rapid Micro Biosystems Stock Performance

NASDAQ RPID traded down $0.02 during trading hours on Tuesday, reaching $1.25. 30,398 shares of the company’s stock were exchanged, compared to its average volume of 95,793. Rapid Micro Biosystems has a one year low of $0.58 and a one year high of $1.34. The company’s 50-day moving average is $0.93 and its two-hundred day moving average is $0.83. The company has a market capitalization of $53.64 million, a price-to-earnings ratio of -1.13 and a beta of 1.07.

Rapid Micro Biosystems (NASDAQ:RPID) last posted its quarterly earnings data on Friday, November 1st. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Rapid Micro Biosystems had a negative return on equity of 45.58% and a negative net margin of 184.93%. The firm had revenue of $7.60 million for the quarter, compared to the consensus estimate of $6.30 million. During the same quarter in the previous year, the business earned ($0.31) EPS. Research analysts predict that Rapid Micro Biosystems will post -1.09 earnings per share for the current fiscal year.

About Rapid Micro Biosystems

Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.