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.
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.
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