Short Interest in Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Rises By 87.1%

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 58,200 shares, an increase of 87.1% from the November 30th total of 31,100 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 67,900 shares, the days-to-cover ratio is presently 0.9 days.

Rapid Micro Biosystems Stock Up 5.2 %

Shares of RPID traded up $0.05 during trading on Friday, reaching $0.96. 89,392 shares of the company traded hands, compared to its average volume of 90,452. The stock has a 50-day simple moving average of $1.04 and a 200-day simple moving average of $0.88. Rapid Micro Biosystems has a twelve month low of $0.58 and a twelve month high of $1.34. The stock has a market cap of $41.23 million, a PE ratio of -0.86 and a beta of 1.06.

Rapid Micro Biosystems (NASDAQ:RPID) last issued its quarterly earnings data 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). Rapid Micro Biosystems had a negative net margin of 184.93% and a negative return on equity of 48.05%. The firm had revenue of $7.60 million during the quarter, compared to analyst estimates of $6.30 million. During the same period in the previous year, the firm posted ($0.31) earnings per share. On average, equities research analysts predict 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.