Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Short Interest Update

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 31,100 shares, a drop of 29.5% from the November 15th total of 44,100 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 72,000 shares, the short-interest ratio is presently 0.4 days.

Rapid Micro Biosystems Price Performance

Shares of NASDAQ:RPID traded down $0.02 during trading hours on Friday, hitting $1.00. 20,566 shares of the company’s stock traded hands, compared to its average volume of 49,839. The firm has a market capitalization of $43.04 million, a P/E ratio of -0.89 and a beta of 1.06. The business has a fifty day moving average price of $1.03 and a 200-day moving average price of $0.87. Rapid Micro Biosystems has a 1 year low of $0.58 and a 1 year high of $1.34.

Rapid Micro Biosystems (NASDAQ:RPID) last announced its quarterly earnings data on Friday, November 1st. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Rapid Micro Biosystems had a negative net margin of 184.93% and a negative return on equity of 48.05%. The business had revenue of $7.60 million during the quarter, compared to the consensus estimate of $6.30 million. During the same period last year, the company earned ($0.31) EPS. As a group, equities analysts predict that Rapid Micro Biosystems will post -1.09 earnings per share for the current year.

About Rapid Micro Biosystems

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.