Short Interest in Rubico Inc. (NASDAQ:RUBI) Decreases By 75.1%

Rubico Inc. (NASDAQ:RUBI) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 5,055 shares, a decrease of 75.1% from the June 30th total of 20,329 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 124,683 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on Rubico in a research report on Monday, June 15th. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Rubico presently has an average rating of “Sell”.

Insider Buying and Selling at Rubico

In related news, major shareholder Financial Lp Hrt sold 22,040 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 15,397 shares of the company’s stock, valued at approximately $365,678.75. This trade represents a 58.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Rubico Stock Down 5.0%

Shares of RUBI traded down $0.11 during trading hours on Monday, reaching $2.11. 194,239 shares of the company’s stock traded hands, compared to its average volume of 425,928. Rubico has a twelve month low of $2.01 and a twelve month high of $391,365.00. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.70 and a quick ratio of 0.69.

About Rubico

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