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

Richtech Robotics Inc. (NASDAQ:RR) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,950,000 shares, a decline of 12.9% from the August 31st total of 2,240,000 shares. Based on an average daily trading volume, of 14,340,000 shares, the short-interest ratio is presently 0.1 days. Approximately 5.1% of the shares of the stock are short sold.

Richtech Robotics Price Performance

Shares of NASDAQ RR opened at $0.91 on Friday. The firm has a 50-day simple moving average of $1.05 and a 200-day simple moving average of $1.25. The company has a current ratio of 3.27, a quick ratio of 3.17 and a debt-to-equity ratio of 0.04. Richtech Robotics has a 52 week low of $0.30 and a 52 week high of $12.29.

Richtech Robotics (NASDAQ:RR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $1.44 million during the quarter.

Institutional Trading of Richtech Robotics

An institutional investor recently bought a new position in Richtech Robotics stock. Renaissance Technologies LLC bought a new position in shares of Richtech Robotics Inc. (NASDAQ:RR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 108,400 shares of the company’s stock, valued at approximately $142,000. Renaissance Technologies LLC owned approximately 0.16% of Richtech Robotics at the end of the most recent reporting period. 0.01% of the stock is owned by hedge funds and other institutional investors.

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.