Short Interest in Robin Energy Ltd. (NASDAQ:RBNE) Increases By 21.9%

Robin Energy Ltd. (NASDAQ:RBNE) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 221,191 shares, an increase of 21.9% from the January 15th total of 181,525 shares. Approximately 7.9% of the shares of the company are short sold. Based on an average trading volume of 296,881 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 296,881 shares, the days-to-cover ratio is currently 0.7 days. Approximately 7.9% of the shares of the company are short sold.

Institutional Investors Weigh In On Robin Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Investments LP purchased a new stake in shares of Robin Energy during the 3rd quarter valued at $51,000. Virtu Financial LLC bought a new stake in shares of Robin Energy in the 3rd quarter worth about $28,000. Citadel Advisors LLC acquired a new position in shares of Robin Energy in the 3rd quarter worth approximately $585,000. Kitching Partners LLC bought a new stake in Robin Energy during the third quarter valued at $27,000. Finally, Connective Capital Management LLC acquired a new stake in Robin Energy during the third quarter worth about $78,000.

Robin Energy Price Performance

Shares of NASDAQ:RBNE opened at $4.10 on Tuesday. Robin Energy has a 1-year low of $2.78 and a 1-year high of $123.25. The firm has a fifty day moving average price of $3.79 and a 200 day moving average price of $5.86. The stock has a market cap of $11.52 million and a P/E ratio of 20.50.

Robin Energy declared that its Board of Directors has initiated a share buyback plan on Tuesday, December 16th that authorizes the company to repurchase $1.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RBNE. Weiss Ratings began coverage on shares of Robin Energy in a research report on Monday, January 12th. They set a “sell (d-)” rating for the company. Wall Street Zen lowered shares of Robin Energy from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Robin Energy

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.