Robin Energy Ltd. (NASDAQ:RBNE) Sees Significant Increase in Short Interest

Robin Energy Ltd. (NASDAQ:RBNE) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 294,431 shares, an increase of 1,485.9% from the October 15th total of 18,566 shares. Based on an average daily volume of 45,972,533 shares, the days-to-cover ratio is currently 0.0 days. Approximately 22.1% of the shares of the company are short sold.

Robin Energy Price Performance

RBNE traded up $0.00 on Tuesday, reaching $0.13. 16,994,760 shares of the company’s stock were exchanged, compared to its average volume of 53,664,404. The stock’s fifty day moving average price is $1.62 and its 200-day moving average price is $18.50. The stock has a market cap of $171,171.00, a PE ratio of 0.02 and a beta of 2.35. Robin Energy has a twelve month low of $0.11 and a twelve month high of $83.29.

Shares of Robin Energy are going to reverse split on the morning of Tuesday, November 24th. The 1-75 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 23rd.

Robin Energy (NASDAQ:RBNE) last announced its quarterly earnings results on Wednesday, September 23rd. The company reported $2.03 EPS for the quarter. The business had revenue of $2.60 million for the quarter. Robin Energy had a return on equity of 21.48% and a net margin of 39.36%.

Robin Energy Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, November 20th. Stockholders of record on Monday, November 16th will be paid a $0.10 dividend.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robin Energy in a research note on Tuesday, October 27th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Robin Energy Company Profile

Robin Energy Ltd. is a shipping company focused on the ownership and operation of tanker vessels. The company provides maritime transportation services for liquid bulk cargoes, including refined petroleum products and other energy-related commodities. Robin Energy’s vessels serve international trade routes, transporting cargoes between ports in major global shipping markets. Its business is influenced by demand for seaborne energy transportation, vessel utilization and prevailing conditions in the product tanker market.