Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Short Interest Down 25.1% in December

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 43,600 shares, a drop of 25.1% from the December 15th total of 58,200 shares. Based on an average trading volume of 74,900 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are short sold.

Rapid Micro Biosystems Price Performance

NASDAQ RPID traded up $0.03 during trading hours on Friday, reaching $1.23. 302,298 shares of the company’s stock traded hands, compared to its average volume of 192,845. The firm has a market cap of $52.93 million, a PE ratio of -1.10 and a beta of 1.07. Rapid Micro Biosystems has a 52-week low of $0.58 and a 52-week high of $1.45. The firm has a 50-day simple moving average of $1.04 and a 200 day simple moving average of $0.90.

Rapid Micro Biosystems (NASDAQ:RPID) last released its earnings results on Friday, November 1st. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The business had revenue of $7.60 million for the quarter, compared to analysts’ expectations of $6.30 million. Rapid Micro Biosystems had a negative net margin of 184.93% and a negative return on equity of 48.05%. During the same quarter in the previous year, the business posted ($0.31) earnings per share. Sell-side analysts forecast that Rapid Micro Biosystems will post -1.09 EPS 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.