Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Sees Significant Increase in Short Interest

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 35,500 shares, a growth of 32.0% from the June 15th total of 26,900 shares. Based on an average trading volume of 35,900 shares, the short-interest ratio is presently 1.0 days. Currently, 0.2% of the company’s stock are sold short.

Rapid Micro Biosystems Trading Down 3.6 %

NASDAQ RPID traded down $0.03 during trading on Monday, hitting $0.66. The stock had a trading volume of 6,126 shares, compared to its average volume of 109,748. The company’s 50-day moving average price is $0.76 and its two-hundred day moving average price is $0.89. Rapid Micro Biosystems has a 12 month low of $0.58 and a 12 month high of $1.19.

Rapid Micro Biosystems (NASDAQ:RPID) last released its earnings results on Friday, May 3rd. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.02). The firm had revenue of $5.61 million during the quarter, compared to the consensus estimate of $5.57 million. Rapid Micro Biosystems had a negative net margin of 224.73% and a negative return on equity of 42.25%. As a group, analysts anticipate that Rapid Micro Biosystems will post -1.09 earnings per share for the current fiscal 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.