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

Richtech Robotics Inc. (NASDAQ:RR) was the recipient of a significant 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. Based on an average trading volume of 12,000,000 shares, the short-interest ratio is currently 0.4 days. Currently, 11.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Richtech Robotics

Several large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Richtech Robotics during the third quarter worth about $174,000. Virtu Financial LLC increased its position in Richtech Robotics by 662.1% during the 3rd quarter. Virtu Financial LLC now owns 188,764 shares of the company’s stock valued at $158,000 after purchasing an additional 163,994 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Richtech Robotics during the 2nd quarter worth approximately $142,000. Institutional investors own 0.01% of the company’s stock.

Richtech Robotics Price Performance

Shares of RR traded down $0.19 during trading hours on Friday, reaching $3.10. The stock had a trading volume of 18,556,403 shares, compared to its average volume of 38,615,836. The company has a quick ratio of 3.17, a current ratio of 3.27 and a debt-to-equity ratio of 0.04. Richtech Robotics has a 12 month low of $0.30 and a 12 month high of $12.29. The company’s 50-day moving average is $1.62 and its two-hundred day moving average is $1.19.

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.