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

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 44,100 shares, a decline of 37.4% from the October 31st total of 70,400 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 68,200 shares, the days-to-cover ratio is currently 0.6 days.

Rapid Micro Biosystems Trading Down 5.7 %

NASDAQ RPID traded down $0.06 during mid-day trading on Thursday, hitting $0.99. The company’s stock had a trading volume of 41,311 shares, compared to its average volume of 93,170. The company’s 50 day simple moving average is $0.99 and its 200 day simple moving average is $0.85. Rapid Micro Biosystems has a twelve month low of $0.58 and a twelve month high of $1.34. The firm has a market capitalization of $42.60 million, a price-to-earnings ratio of -0.91 and a beta of 1.07.

Rapid Micro Biosystems (NASDAQ:RPID) last posted its earnings results on Friday, November 1st. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The company had revenue of $7.60 million during the quarter, compared to the consensus estimate of $6.30 million. Rapid Micro Biosystems had a negative net margin of 184.93% and a negative return on equity of 48.05%. During the same quarter in the prior year, the business earned ($0.31) EPS. As a group, research analysts forecast that Rapid Micro Biosystems will post -1.09 EPS for the current year.

About Rapid Micro Biosystems

Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.