Richtech Robotics Inc. (NASDAQ:RR) Short Interest Update

Richtech Robotics Inc. (NASDAQ:RR) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,980,000 shares, an increase of 28.4% from the November 30th total of 2,320,000 shares. Currently, 6.6% of the company’s shares are short sold. Based on an average daily volume of 6,340,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Richtech Robotics

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

Richtech Robotics Stock Down 22.6 %

NASDAQ RR traded down $0.79 during trading hours on Tuesday, hitting $2.70. 24,910,211 shares of the company’s stock were exchanged, compared to its average volume of 6,096,168. Richtech Robotics has a 1-year low of $0.30 and a 1-year high of $12.29. The company has a current ratio of 3.27, a quick ratio of 3.17 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $0.94 and a 200 day simple moving average of $1.01.

About Richtech Robotics

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.