Sarcos Technology and Robotics Corporation (NASDAQ:STRC) Short Interest Update

Sarcos Technology and Robotics Corporation (NASDAQ:STRC) was the target of a large growth in short interest in February. As of February 29th, there was short interest totalling 1,520,000 shares, a growth of 767.1% from the February 14th total of 175,300 shares. Approximately 11.9% of the company’s stock are short sold. Based on an average daily volume of 717,700 shares, the short-interest ratio is presently 2.1 days.

Institutional Trading of Sarcos Technology and Robotics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in Sarcos Technology and Robotics during the 1st quarter worth approximately $175,000. Citigroup Inc. acquired a new position in Sarcos Technology and Robotics during the 1st quarter worth approximately $33,000. BlackRock Inc. lifted its position in Sarcos Technology and Robotics by 10.0% during the 1st quarter. BlackRock Inc. now owns 2,266,454 shares of the company’s stock worth $15,072,000 after acquiring an additional 206,108 shares in the last quarter. Vanguard Group Inc. lifted its position in Sarcos Technology and Robotics by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,749,284 shares of the company’s stock worth $11,632,000 after acquiring an additional 54,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Sarcos Technology and Robotics by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 292,320 shares of the company’s stock valued at $1,944,000 after purchasing an additional 7,176 shares in the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.

Sarcos Technology and Robotics Stock Performance

Shares of STRC stock traded down $0.22 on Thursday, hitting $1.27. 297,807 shares of the company’s stock traded hands, compared to its average volume of 890,540. The company’s fifty day simple moving average is $0.85 and its 200 day simple moving average is $0.77. The stock has a market capitalization of $32.89 million, a price-to-earnings ratio of -0.28 and a beta of 3.19. Sarcos Technology and Robotics has a one year low of $0.40 and a one year high of $3.25.

Sarcos Technology and Robotics (NASDAQ:STRC) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.06 EPS for the quarter. Sarcos Technology and Robotics had a negative net margin of 1,880.78% and a negative return on equity of 72.18%. The company had revenue of $0.75 million for the quarter.

About Sarcos Technology and Robotics

Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW) designs, develops, and manufactures a broad range of advanced mobile robotic systems that redefine human possibilities and are designed to enable the safest, most productive workforce in the world. Sarcos robotic systems operate in challenging, unstructured, industrial environments and include teleoperated robotic systems, a powered robotic exoskeleton, and software solutions that enable task autonomy.