Richtech Robotics Inc. (NASDAQ:RR) Short Interest Up 20.7% in January

Richtech Robotics Inc. (NASDAQ:RR) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 10,340,000 shares, an increase of 20.7% from the January 15th total of 8,570,000 shares. Currently, 23.0% of the company’s shares are short sold. Based on an average trading volume of 18,010,000 shares, the short-interest ratio is currently 0.6 days.

Richtech Robotics Trading Down 9.5 %

RR stock traded down $0.29 during midday trading on Friday, hitting $2.75. 15,901,253 shares of the company’s stock were exchanged, compared to its average volume of 20,457,204. The stock’s fifty day moving average price is $2.49 and its 200-day moving average price is $1.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 70.11 and a current ratio of 72.63. Richtech Robotics has a one year low of $0.30 and a one year high of $5.20.

Richtech Robotics (NASDAQ:RR) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.04) EPS for the quarter.

Institutional Trading of Richtech Robotics

A number of institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in Richtech Robotics during the third quarter worth approximately $174,000. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Richtech Robotics in the fourth quarter valued at approximately $47,000. Virtu Financial LLC boosted 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 valued at $158,000 after buying an additional 163,994 shares during the period. Northern Trust Corp bought a new stake in shares of Richtech Robotics in the fourth quarter valued at approximately $297,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Richtech Robotics in the fourth quarter valued at approximately $226,000. 0.01% of the stock is currently owned by institutional investors.

Richtech Robotics Company Profile

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.