Short Interest in Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Decreases By 49.7%

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 19,500 shares, a drop of 49.7% from the May 15th total of 38,800 shares. Based on an average daily volume of 36,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

Rapid Micro Biosystems Price Performance

Shares of NASDAQ:RPID traded down $0.01 during mid-day trading on Friday, reaching $0.77. 7,779 shares of the company were exchanged, compared to its average volume of 18,334. The firm has a market cap of $33.00 million, a price-to-earnings ratio of -0.64 and a beta of 1.10. The firm’s 50-day simple moving average is $0.86 and its 200 day simple moving average is $0.94. Rapid Micro Biosystems has a 1 year low of $0.74 and a 1 year high of $1.19.

Rapid Micro Biosystems (NASDAQ:RPID) last posted its quarterly earnings data on Friday, May 3rd. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.02). The company had revenue of $5.61 million for the quarter, compared to analysts’ expectations of $5.57 million. Rapid Micro Biosystems had a negative return on equity of 42.25% and a negative net margin of 224.73%. On average, research analysts forecast that Rapid Micro Biosystems will post -1.09 earnings per share for the current fiscal year.

Rapid Micro Biosystems Company Profile

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.