Rubico Inc. (NASDAQ:RUBI – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 70,792 shares, an increase of 74.9% from the September 15th total of 40,481 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average trading volume of 689,259 shares, the days-to-cover ratio is currently 0.1 days.
Rubico Stock Performance
Shares of NASDAQ RUBI traded up $0.07 during midday trading on Friday, reaching $0.39. 65,186,797 shares of the company were exchanged, compared to its average volume of 1,094,644. The company’s 50-day moving average price is $0.95. Rubico has a one year low of $0.30 and a one year high of $81,502.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.14.
Rubico (NASDAQ:RUBI – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported ($6.21) EPS for the quarter. The firm had revenue of $4.84 million during the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings cut shares of Rubico from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Read Our Latest Research Report on RUBI
About Rubico
Rubicon Technologies, Inc, which traded under the Nasdaq symbol RUBI, was a technology company focused on waste management and recycling. Its platform connected businesses and government organizations with waste haulers and recycling providers, helping customers manage collection services, improve operational efficiency and increase the diversion of materials from landfills.
The company offered software and data-driven tools for waste and recycling procurement, service management, reporting and sustainability initiatives.
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