Richtech Robotics Inc. (NASDAQ:RR) Short Interest Update

Richtech Robotics Inc. (NASDAQ:RR) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 2,980,000 shares, a growth of 28.4% from the November 30th total of 2,320,000 shares. Approximately 6.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,340,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RR. Renaissance Technologies LLC acquired a new stake in shares of Richtech Robotics in the second quarter worth $142,000. Virtu Financial LLC increased its stake 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 valued at $158,000 after purchasing an additional 163,994 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Richtech Robotics during the third quarter worth approximately $174,000. Institutional investors own 0.01% of the company’s stock.

Richtech Robotics Stock Down 26.4 %

Richtech Robotics stock traded down $0.92 during trading hours on Tuesday, hitting $2.57. The company had a trading volume of 20,823,746 shares, compared to its average volume of 6,079,125. The company has a 50-day moving average price of $0.94 and a two-hundred day moving average price of $1.01. Richtech Robotics has a 1 year low of $0.30 and a 1 year high of $12.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.27 and a quick ratio of 3.17.

Richtech Robotics Company Profile

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.