Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 17,300 shares, an increase of 41.8% from the November 30th total of 12,200 shares. Approximately 1.4% of the company's stock are sold short. Based on an average daily trading volume, of 24,100 shares, the short-interest ratio is presently 0.7 days.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. StockNews.com began coverage on Rubicon Technology in a research report on Thursday. They set a "sell" rating on the stock. TheStreet downgraded Rubicon Technology from a "b" rating to a "c+" rating in a report on Wednesday, September 7th.
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Institutional Inflows and Outflows
An institutional investor recently bought a new position in Rubicon Technology stock. Citadel Advisors LLC purchased a new stake in Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,412 shares of the semiconductor company's stock, valued at approximately $46,000. Citadel Advisors LLC owned approximately 0.87% of Rubicon Technology as of its most recent filing with the SEC.
Rubicon Technology Trading Down 1.5 %
Rubicon Technology stock traded down $0.02 during trading hours on Thursday, hitting $1.30. The company had a trading volume of 24,704 shares, compared to its average volume of 40,713. Rubicon Technology has a fifty-two week low of $1.26 and a fifty-two week high of $17.74. The company has a quick ratio of 2.53, a current ratio of 3.16 and a debt-to-equity ratio of 0.52. The firm's fifty day moving average is $1.84 and its 200-day moving average is $6.64.
Rubicon Technology (NASDAQ:RBCN – Get Rating) last posted its quarterly earnings results on Thursday, November 10th. The semiconductor company reported ($0.12) earnings per share for the quarter. Rubicon Technology had a return on equity of 3.42% and a net margin of 20.85%. The company had revenue of $0.69 million during the quarter.
Rubicon Technology Company Profile
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Rubicon Technology, Inc provides monocrystalline sapphire for applications in optical and industrial systems in North America and Asia. The company offers optical and industrial sapphire products in various shapes and sizes, including round and rectangular windows and wafers, domes, tubes, and rods for a range of end markets comprising defense and aerospace, specialty lighting, instrumentation, sensors and detectors, semiconductor process equipment, electronic substrates, medical, and laser applications.
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