Robin Energy Ltd. (NASDAQ:RBNE) Short Interest Update

Robin Energy Ltd. (NASDAQ:RBNE) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 314,622 shares, an increase of 62.2% from the February 12th total of 193,948 shares. Based on an average daily volume of 878,048 shares, the days-to-cover ratio is presently 0.4 days. Currently, 11.2% of the shares of the company are sold short. Currently, 11.2% of the shares of the company are sold short. Based on an average daily volume of 878,048 shares, the days-to-cover ratio is presently 0.4 days.

Robin Energy Stock Performance

Shares of NASDAQ:RBNE traded down $0.28 on Friday, reaching $1.50. The company’s stock had a trading volume of 1,945,143 shares, compared to its average volume of 3,210,522. The company has a 50-day simple moving average of $3.59 and a 200 day simple moving average of $5.03. Robin Energy has a 52-week low of $1.49 and a 52-week high of $123.25. The company has a market cap of $4.22 million and a P/E ratio of 7.50.

Robin Energy announced that its board has authorized a share repurchase program on Tuesday, December 16th that allows the company to repurchase $1.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 8.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have commented on RBNE. Wall Street Zen cut Robin Energy from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Weiss Ratings initiated coverage on shares of Robin Energy in a research note on Monday, January 12th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Robin Energy currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Robin Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new position in Robin Energy in the third quarter worth about $585,000. Empery Asset Management LP purchased a new position in shares of Robin Energy in the 4th quarter worth approximately $882,000. Connective Capital Management LLC bought a new position in shares of Robin Energy during the 3rd quarter worth approximately $78,000. Two Sigma Investments LP purchased a new stake in Robin Energy during the third quarter valued at approximately $51,000. Finally, Virtu Financial LLC acquired a new stake in Robin Energy in the third quarter valued at approximately $28,000.

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.