Rubico Inc. (NASDAQ:RUBI) Short Interest Update

Rubico Inc. (NASDAQ:RUBI) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 20,329 shares, a decline of 97.8% from the June 15th total of 914,104 shares. Currently, 3.6% of the company’s shares are short sold. Based on an average daily trading volume, of 414,183 shares, the days-to-cover ratio is presently 0.0 days.

Insider Buying and Selling

In other Rubico news, major shareholder Financial Lp Hrt sold 22,040 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $23.75, for a total value of $523,450.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.70% of the company’s stock.

Rubico Trading Up 2.6%

Shares of RUBI traded up $0.12 during mid-day trading on Friday, hitting $4.75. The stock had a trading volume of 8,811 shares, compared to its average volume of 802,000. Rubico has a fifty-two week low of $4.28 and a fifty-two week high of $391,365.00.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of Rubico in a research note on Monday, June 15th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rubico has a consensus rating of “Sell”.

About Rubico

Rubico Inc is a provider of shipping transportation services specializing in the ownership of vessels. Rubico Inc is based in ATHENS, Greece.