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

Richtech Robotics Inc. (NASDAQ:RR) was the target of a large 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. Based on an average daily trading volume, of 18,010,000 shares, the short-interest ratio is presently 0.6 days. Approximately 23.0% of the shares of the stock are short sold.

Richtech Robotics Price Performance

Shares of RR traded down $0.29 during mid-day trading on Friday, reaching $2.75. The company had a trading volume of 15,901,253 shares, compared to its average volume of 20,457,204. Richtech Robotics has a twelve month low of $0.30 and a twelve month high of $5.20. The company has a current ratio of 72.63, a quick ratio of 70.11 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $2.49 and its 200-day moving average is $1.41.

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

Institutional Investors Weigh In On Richtech Robotics

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of Richtech Robotics in the 4th quarter valued at $47,000. Arete Wealth Advisors LLC acquired a new stake in shares of Richtech Robotics during the fourth quarter worth $69,000. Renaissance Technologies LLC acquired a new stake in shares of Richtech Robotics during the fourth quarter worth $226,000. XTX Topco Ltd acquired a new stake in shares of Richtech Robotics during the fourth quarter worth $293,000. Finally, Northern Trust Corp bought a new position in Richtech Robotics during the fourth quarter worth about $297,000. 0.01% of the stock is owned by institutional investors and hedge funds.

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.