Rubico Inc. (NASDAQ:RUBI – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,055 shares, a drop of 75.1% from the June 30th total of 20,329 shares. Based on an average daily volume of 124,683 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.9% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings assumed coverage on Rubico in a report on Monday, June 15th. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on Rubico
Rubico Stock Down 5.0%
Insider Buying and Selling at Rubico
In other news, major shareholder Financial Lp Hrt sold 22,040 shares of Rubico stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $23.75, for a total value of $523,450.00. Following the completion of the sale, the insider directly owned 15,397 shares in the company, valued at approximately $365,678.75. The trade was a 58.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Rubico Company Profile
Rubico Inc is a provider of shipping transportation services specializing in the ownership of vessels. Rubico Inc is based in ATHENS, Greece.
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