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

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

Rapid Micro Biosystems Trading Down 7.2 %

Rapid Micro Biosystems stock traded down $0.09 during midday trading on Wednesday, reaching $1.16. 29,759 shares of the stock traded hands, compared to its average volume of 95,597. The firm has a fifty day moving average price of $0.94 and a two-hundred day moving average price of $0.83. Rapid Micro Biosystems has a fifty-two week low of $0.58 and a fifty-two week high of $1.34.

Rapid Micro Biosystems (NASDAQ:RPID) last posted its earnings results 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). The firm had revenue of $7.60 million during the quarter, compared to the consensus estimate of $6.30 million. Rapid Micro Biosystems had a negative return on equity of 48.05% and a negative net margin of 184.93%. During the same period in the previous year, the company posted ($0.31) EPS. Sell-side analysts expect that Rapid Micro Biosystems will post -1.09 earnings per share for the current 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.