Richtech Robotics Inc. (NASDAQ:RR) Sees Large Increase in Short Interest

Richtech Robotics Inc. (NASDAQ:RR) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 5,040,000 shares, a growth of 69.1% from the December 15th total of 2,980,000 shares. Based on an average trading volume of 12,000,000 shares, the short-interest ratio is currently 0.4 days. Approximately 11.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in Richtech Robotics in the third quarter valued at about $174,000. Virtu Financial LLC boosted its stake in shares of Richtech Robotics by 662.1% during the 3rd 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 last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Richtech Robotics during the second quarter worth approximately $142,000. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

Richtech Robotics Price Performance

NASDAQ RR traded down $0.19 on Friday, reaching $3.10. The company had a trading volume of 18,556,403 shares, compared to its average volume of 38,615,836. The firm has a 50-day moving average of $1.62 and a 200-day moving average of $1.19. Richtech Robotics has a 1 year low of $0.30 and a 1 year high of $12.29. The company has a quick ratio of 3.17, a current ratio of 3.27 and a debt-to-equity ratio of 0.04.

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.