Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Short Interest Down 37.4% in November

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 44,100 shares, a decline of 37.4% from the October 31st total of 70,400 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 68,200 shares, the days-to-cover ratio is presently 0.6 days.

Rapid Micro Biosystems Trading Down 5.7 %

Rapid Micro Biosystems stock traded down $0.06 during trading hours on Thursday, reaching $0.99. 41,311 shares of the stock were exchanged, compared to its average volume of 93,170. Rapid Micro Biosystems has a twelve month low of $0.58 and a twelve month high of $1.34. The company has a market cap of $42.60 million, a P/E ratio of -0.91 and a beta of 1.07. The stock has a 50 day moving average of $0.99 and a two-hundred day moving average of $0.85.

Rapid Micro Biosystems (NASDAQ:RPID) last released its quarterly earnings results on Friday, November 1st. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The company had revenue of $7.60 million during the quarter, compared to the consensus estimate 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 last year, the firm posted ($0.31) EPS. On average, analysts expect 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.