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

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

Rapid Micro Biosystems Stock Up 16.1 %

RPID stock traded up $0.18 during trading on Wednesday, hitting $1.27. 893,009 shares of the company’s stock traded hands, compared to its average volume of 173,208. The stock has a market capitalization of $54.44 million, a price-to-earnings ratio of -1.13 and a beta of 1.07. Rapid Micro Biosystems has a 52 week low of $0.58 and a 52 week high of $1.45. The stock has a fifty day moving average price of $1.04 and a two-hundred day moving average price of $0.90.

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