Short Interest in Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Grows By 300.0%

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 70,400 shares, a growth of 300.0% from the October 15th total of 17,600 shares. Based on an average daily volume of 72,700 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are sold short.

Rapid Micro Biosystems Stock Performance

RPID stock traded down $0.02 during trading on Tuesday, hitting $1.25. 30,398 shares of the company traded hands, compared to its average volume of 95,793. The firm has a market capitalization of $53.64 million, a PE ratio of -1.13 and a beta of 1.07. Rapid Micro Biosystems has a 1 year low of $0.58 and a 1 year high of $1.34. The company has a 50-day moving average of $0.93 and a 200-day moving average of $0.83.

Rapid Micro Biosystems (NASDAQ:RPID) last posted its earnings results on Friday, November 1st. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The business had revenue of $7.60 million during the quarter, compared to the consensus estimate of $6.30 million. Rapid Micro Biosystems had a negative return on equity of 45.58% and a negative net margin of 184.93%. During the same period in the previous year, the business posted ($0.31) EPS. Sell-side analysts expect that Rapid Micro Biosystems will post -1.09 EPS for the current 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.