Richtech Robotics Inc. (NASDAQ:RR) Sees Large Growth in Short Interest

Richtech Robotics Inc. (NASDAQ:RR) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,040,000 shares, an increase of 69.1% from the December 15th total of 2,980,000 shares. Approximately 11.2% of the shares of the company are sold short. Based on an average daily trading volume, of 12,000,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in shares of Richtech Robotics during the 2nd quarter valued at $142,000. Jane Street Group LLC acquired a new position in Richtech Robotics in the third quarter valued at about $174,000. Finally, Virtu Financial LLC lifted its position in Richtech Robotics by 662.1% during the third quarter. Virtu Financial LLC now owns 188,764 shares of the company’s stock worth $158,000 after purchasing an additional 163,994 shares during the period. Institutional investors and hedge funds own 0.01% of the company’s stock.

Richtech Robotics Price Performance

Shares of RR stock traded down $0.19 on Friday, hitting $3.10. The company’s stock had a trading volume of 18,556,403 shares, compared to its average volume of 38,615,836. Richtech Robotics has a fifty-two week low of $0.30 and a fifty-two week high of $12.29. The company has a current ratio of 3.27, a quick ratio of 3.17 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average is $1.62 and its 200-day moving average is $1.19.

About Richtech Robotics

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.