Rapid Micro Biosystems, Inc. (NASDAQ:RPID – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 70,400 shares, an increase of 300.0% from the October 15th total of 17,600 shares. Based on an average trading volume of 72,700 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.
Rapid Micro Biosystems Trading Down 7.2 %
NASDAQ:RPID traded down $0.09 during mid-day trading on Wednesday, hitting $1.16. 29,759 shares of the company’s stock traded hands, compared to its average volume of 95,597. The company has a fifty day moving average of $0.94 and a 200 day moving average of $0.83. Rapid Micro Biosystems has a twelve month low of $0.58 and a twelve month high of $1.34.
Rapid Micro Biosystems (NASDAQ:RPID – Get Free Report) last released 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). Rapid Micro Biosystems had a negative net margin of 184.93% and a negative return on equity of 48.05%. The firm had revenue of $7.60 million during the quarter, compared to analysts’ expectations of $6.30 million. During the same quarter last year, the business earned ($0.31) EPS. On average, research analysts predict that Rapid Micro Biosystems will post -1.09 earnings per share 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.
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