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

Richtech Robotics Inc. (NASDAQ:RR) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 10,340,000 shares, a growth of 20.7% from the January 15th total of 8,570,000 shares. Based on an average daily volume of 18,010,000 shares, the short-interest ratio is currently 0.6 days. Currently, 23.0% of the company’s shares are short sold.

Richtech Robotics Price Performance

NASDAQ:RR traded down $0.29 during trading hours on Friday, reaching $2.75. The company’s stock had a trading volume of 15,901,253 shares, compared to its average volume of 20,457,204. Richtech Robotics has a 12 month low of $0.30 and a 12 month high of $5.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 70.11 and a current ratio of 72.63. The stock has a 50 day moving average price of $2.49 and a two-hundred day moving average price of $1.41.

Richtech Robotics (NASDAQ:RR) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $1.26 million during the quarter.

Hedge Funds Weigh In On Richtech Robotics

Hedge funds have recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. purchased a new stake in Richtech Robotics in the fourth quarter valued at $47,000. Arete Wealth Advisors LLC purchased a new stake in Richtech Robotics in the fourth quarter valued at $69,000. Renaissance Technologies LLC purchased a new stake in Richtech Robotics in the fourth quarter valued at $226,000. XTX Topco Ltd purchased a new stake in Richtech Robotics in the fourth quarter valued at $293,000. Finally, Northern Trust Corp purchased a new stake in Richtech Robotics in the fourth quarter valued at $297,000. 0.01% of the stock is owned by institutional investors and hedge funds.

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.