Short Interest in Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Declines By 25.1%

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 43,600 shares, a drop of 25.1% from the December 15th total of 58,200 shares. Based on an average daily trading volume, of 74,900 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Rapid Micro Biosystems Stock Performance

Shares of NASDAQ:RPID traded up $0.03 during trading on Friday, hitting $1.23. 302,298 shares of the stock were exchanged, compared to its average volume of 192,505. The company has a market capitalization of $52.93 million, a price-to-earnings ratio of -1.10 and a beta of 1.07. Rapid Micro Biosystems has a 1-year low of $0.58 and a 1-year high of $1.45. The company’s fifty day simple moving average is $1.04 and its 200-day simple moving average is $0.90.

Rapid Micro Biosystems (NASDAQ:RPID) last announced its quarterly earnings results on Friday, November 1st. The company reported ($0.26) earnings per share (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 firm earned ($0.31) EPS. On average, research analysts forecast 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.