Richtech Robotics Inc. (NASDAQ:RR) Sees Significant Growth in Short Interest

Richtech Robotics Inc. (NASDAQ:RR) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 31,276,689 shares, a growth of 24.7% from the November 30th total of 25,083,528 shares. Based on an average trading volume of 39,401,312 shares, the short-interest ratio is presently 0.8 days. Currently, 26.0% of the company’s shares are sold short. Currently, 26.0% of the company’s shares are sold short. Based on an average trading volume of 39,401,312 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on RR shares. Wall Street Zen downgraded Richtech Robotics from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. HC Wainwright increased their target price on Richtech Robotics from $3.50 to $6.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Richtech Robotics in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.50.

Institutional Trading of Richtech Robotics

Large investors have recently bought and sold shares of the business. Concurrent Investment Advisors LLC boosted its holdings in shares of Richtech Robotics by 22.4% in the third quarter. Concurrent Investment Advisors LLC now owns 15,542 shares of the company’s stock valued at $67,000 after buying an additional 2,842 shares during the period. DNB Asset Management AS boosted its stake in Richtech Robotics by 9.9% in the 3rd quarter. DNB Asset Management AS now owns 43,858 shares of the company’s stock worth $188,000 after purchasing an additional 3,939 shares during the period. Two Sigma Investments LP increased its holdings in Richtech Robotics by 14.3% during the 3rd quarter. Two Sigma Investments LP now owns 35,473 shares of the company’s stock worth $152,000 after purchasing an additional 4,429 shares in the last quarter. Delos Wealth Advisors LLC raised its stake in shares of Richtech Robotics by 30.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 19,500 shares of the company’s stock valued at $84,000 after purchasing an additional 4,500 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Richtech Robotics in the 3rd quarter valued at about $38,000. 0.01% of the stock is owned by institutional investors.

Richtech Robotics Trading Up 4.5%

RR stock opened at $3.23 on Friday. Richtech Robotics has a 1-year low of $1.37 and a 1-year high of $7.43. The firm has a market cap of $484.14 million, a PE ratio of -19.00 and a beta of -3.61. The business’s 50-day moving average price is $3.85 and its two-hundred day moving average price is $3.39.

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.