Rapid Micro Biosystems Inc (NASDAQ:RPID) Short Interest Update

Rapid Micro Biosystems Inc (NASDAQ:RPID) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 463,600 shares, a growth of 852.0% from the September 15th total of 48,700 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average daily trading volume, of 252,200 shares, the short-interest ratio is presently 1.8 days.

RPID opened at $17.76 on Thursday. Rapid Micro Biosystems has a 12-month low of $16.37 and a 12-month high of $27.04. The stock’s 50 day simple moving average is $19.72.

Rapid Micro Biosystems (NASDAQ:RPID) last posted its quarterly earnings results on Wednesday, August 25th. The company reported ($20.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($19.60). The business had revenue of $6.13 million for the quarter, compared to the consensus estimate of $5.98 million. As a group, equities analysts predict that Rapid Micro Biosystems will post -2.26 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on RPID shares. Stifel Nicolaus started coverage on shares of Rapid Micro Biosystems in a report on Monday, August 9th. They issued a “buy” rating and a $28.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Rapid Micro Biosystems in a report on Monday, August 9th. They issued an “overweight” rating and a $30.00 price target on the stock. Morgan Stanley started coverage on shares of Rapid Micro Biosystems in a report on Monday, August 9th. They issued an “equal weight” rating and a $26.00 price target on the stock. Finally, Cowen started coverage on shares of Rapid Micro Biosystems in a report on Monday, August 9th. They issued an “outperform” rating on the stock.

About Rapid Micro Biosystems

Rapid Micro Biosystems Inc is a life sciences technology company. It provides automation solutions to healthcare products. Rapid Micro Biosystems Inc is based in LOWELL, Mass.

Featured Story: How to start trading in the forex market?

Receive News & Ratings for Rapid Micro Biosystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid Micro Biosystems and related companies with MarketBeat.com's FREE daily email newsletter.