Richtech Robotics Inc. (NASDAQ:RR) Short Interest Down 32.0% in November

Richtech Robotics Inc. (NASDAQ:RR) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,640,000 shares, a decline of 32.0% from the October 31st total of 3,880,000 shares. Approximately 5.9% of the company’s shares are short sold. Based on an average daily volume of 4,540,000 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Richtech Robotics

A number of hedge funds and other institutional investors have recently made changes to their positions in RR. Virtu Financial LLC grew its position in shares of Richtech Robotics by 662.1% in the 3rd quarter. Virtu Financial LLC now owns 188,764 shares of the company’s stock valued at $158,000 after purchasing an additional 163,994 shares during the period. Jane Street Group LLC acquired a new stake in Richtech Robotics during the 3rd quarter worth approximately $174,000. Finally, Renaissance Technologies LLC bought a new position in Richtech Robotics in the second quarter valued at approximately $142,000. 0.01% of the stock is owned by institutional investors.

Richtech Robotics Stock Up 12.0 %

Shares of Richtech Robotics stock traded up $0.08 during trading on Friday, reaching $0.74. 4,202,854 shares of the company were exchanged, compared to its average volume of 1,925,011. The business has a 50-day moving average price of $0.68 and a 200-day moving average price of $0.99. The company has a quick ratio of 3.17, a current ratio of 3.27 and a debt-to-equity ratio of 0.04. Richtech Robotics has a twelve month low of $0.30 and a twelve month high of $12.29.

Richtech Robotics Company Profile

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.