Short Interest in Robin Energy Ltd. (NASDAQ:RBNE) Decreases By 84.9%

Robin Energy Ltd. (NASDAQ:RBNEGet Free Report) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 35,378 shares, a decline of 84.9% from the June 30th total of 234,971 shares. Currently, 6.1% of the company’s stock are sold short. Based on an average trading volume of 186,673 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

RBNE has been the topic of several analyst reports. Wall Street Zen upgraded shares of Robin Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Robin Energy currently has a consensus rating of “Sell”.

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Robin Energy Stock Performance

NASDAQ:RBNE traded down $2.48 during trading on Friday, reaching $3.20. The company’s stock had a trading volume of 829,174 shares, compared to its average volume of 162,172. The firm has a market cap of $1.86 million, a price-to-earnings ratio of 7.11 and a beta of 0.82. The firm has a 50 day moving average of $11.46 and a 200-day moving average of $30.83. Robin Energy has a 12 month low of $3.15 and a 12 month high of $374.25.

Hedge Funds Weigh In On Robin Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in Robin Energy during the third quarter worth about $28,000. Two Sigma Investments LP bought a new position in shares of Robin Energy during the 3rd quarter valued at approximately $51,000. Connective Capital Management LLC purchased a new stake in shares of Robin Energy during the 3rd quarter worth approximately $78,000. Citadel Advisors LLC bought a new stake in shares of Robin Energy in the 3rd quarter worth approximately $585,000. Finally, Empery Asset Management LP purchased a new position in shares of Robin Energy in the fourth quarter worth about $882,000.

Robin Energy Company Profile

(Get Free Report)

Robin Energy Ltd. operates as a holding company that provides tanker vessel services. The company was founded by Petros Panagiotidis on September 24, 2024 and is headquartered in Limassol, Cyrus.

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