Restoration Robotics Inc (NASDAQ:HAIR) Sees Large Decline in Short Interest
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.
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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