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

Robin Energy Ltd. (NASDAQ:RBNE) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 35,378 shares, a drop of 84.9% from the June 30th total of 234,971 shares. Based on an average daily volume of 186,673 shares, the days-to-cover ratio is presently 0.2 days. Currently, 6.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RBNE. Wall Street Zen raised shares of Robin Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings raised Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Robin Energy Stock Performance

Robin Energy stock traded down $0.09 during mid-day trading on Monday, hitting $3.11. The company’s stock had a trading volume of 106,679 shares, compared to its average volume of 212,188. The company has a 50 day moving average of $11.46 and a 200-day moving average of $30.68. Robin Energy has a one year low of $3.07 and a one year high of $374.25. The stock has a market cap of $1.80 million, a PE ratio of 6.91 and a beta of 0.82.

Robin Energy Company Profile

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.