Short Interest in Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Decreases By 29.5%

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 31,100 shares, a drop of 29.5% from the November 15th total of 44,100 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 72,000 shares, the days-to-cover ratio is currently 0.4 days.

Rapid Micro Biosystems Trading Down 1.9 %

RPID stock traded down $0.02 during trading on Friday, hitting $1.00. 20,566 shares of the stock traded hands, compared to its average volume of 49,839. The stock has a market cap of $43.04 million, a price-to-earnings ratio of -0.89 and a beta of 1.06. Rapid Micro Biosystems has a one year low of $0.58 and a one year high of $1.34. The company has a 50 day simple moving average of $1.03 and a 200 day simple moving average of $0.87.

Rapid Micro Biosystems (NASDAQ:RPID) last posted its earnings results on Friday, November 1st. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The firm 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 last year, the firm posted ($0.31) EPS. As a group, analysts predict that Rapid Micro Biosystems will post -1.09 earnings per share for the current fiscal year.

Rapid Micro Biosystems Company Profile

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.