Posted by admin on Jul 22nd, 2022
Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 34,300 shares, an increase of 26.1% from the June 15th total of 27,200 shares. Based on an average daily trading volume, of 88,400 shares, the short-interest ratio is presently 0.4 days. Currently, 2.2% of the shares of the stock are short sold.
NASDAQ RBCN opened at $15.89 on Friday. The company has a fifty day moving average of $10.87 and a two-hundred day moving average of $9.64. Rubicon Technology has a 52 week low of $8.58 and a 52 week high of $16.19.
Rubicon Technology (NASDAQ:RBCN – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The semiconductor company reported $0.20 EPS for the quarter. The company had revenue of $0.97 million during the quarter. Rubicon Technology had a net margin of 12.58% and a return on equity of 2.49%.
Separately, TheStreet upgraded shares of Rubicon Technology from a “c-” rating to a “b” rating in a research report on Tuesday, June 7th.
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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