Restoration Robotics Inc (NASDAQ:HAIR) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totalling 1,105,100 shares, a drop of 14.9% from the June 30th total of 1,299,000 shares. Currently, 4.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 387,900 shares, the short-interest ratio is currently 2.8 days.

Shares of Restoration Robotics stock traded down $0.01 on Tuesday, reaching $0.71. The company had a trading volume of 3,144 shares, compared to its average volume of 538,977. The business has a 50 day simple moving average of $0.65. The stock has a market cap of $29.42 million, a price-to-earnings ratio of -0.84 and a beta of 4.38. Restoration Robotics has a 52-week low of $0.35 and a 52-week high of $3.14. The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 12.27.

Restoration Robotics (NASDAQ:HAIR) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. The business had revenue of $5.39 million for the quarter, compared to the consensus estimate of $5.93 million. Restoration Robotics had a negative net margin of 128.59% and a negative return on equity of 1,909.87%. Analysts anticipate that Restoration Robotics will post -0.61 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of Restoration Robotics by 136.8% in the 1st quarter. SG Americas Securities LLC now owns 671,424 shares of the company’s stock valued at $396,000 after acquiring an additional 387,921 shares during the period. Skylands Capital LLC grew its holdings in shares of Restoration Robotics by 202.0% in the first quarter. Skylands Capital LLC now owns 231,000 shares of the company’s stock valued at $136,000 after purchasing an additional 154,500 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Restoration Robotics in the fourth quarter valued at approximately $91,000. Granite Investment Partners LLC grew its holdings in shares of Restoration Robotics by 87.8% in the first quarter. Granite Investment Partners LLC now owns 175,780 shares of the company’s stock valued at $103,000 after purchasing an additional 82,190 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Restoration Robotics in the first quarter valued at approximately $40,000. 18.26% of the stock is currently owned by institutional investors and hedge funds.

HAIR has been the topic of several research reports. Maxim Group reissued a “hold” rating on shares of Restoration Robotics in a research note on Friday, May 17th. Zacks Investment Research downgraded shares of Restoration Robotics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

About Restoration Robotics

Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.

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