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

Posted by Stacy Sanders on Nov 29th, 2024

Richtech Robotics Inc. (NASDAQ:RR – Get Free Report) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 2,640,000 shares, a decline of 32.0% from the October 31st total of 3,880,000 shares. Approximately 5.9% of the shares of the company are short sold. Based on an average daily volume of 4,540,000 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Richtech Robotics

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new stake in Richtech Robotics during the second quarter valued at about $142,000. Jane Street Group LLC bought a new position in shares of Richtech Robotics during the 3rd quarter valued at about $174,000. Finally, Virtu Financial LLC raised its holdings in shares of 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 buying an additional 163,994 shares in the last quarter. 0.01% of the stock is currently owned by institutional investors.

Richtech Robotics Stock Up 11.3 %

Shares of NASDAQ:RR traded up $0.07 during midday trading on Friday, reaching $0.74. 3,796,489 shares of the company traded hands, compared to its average volume of 4,823,173. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.17 and a current ratio of 3.27. The firm’s fifty day moving average price is $0.68 and its two-hundred day moving average price is $0.99. Richtech Robotics has a 12 month low of $0.30 and a 12 month high of $12.29.

Richtech Robotics Company Profile

(Get Free Report)

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.