Robin Energy Ltd. (NASDAQ:RBNE) Short Interest Down 46.4% in May

Robin Energy Ltd. (NASDAQ:RBNE) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 159,981 shares, a drop of 46.4% from the April 30th total of 298,436 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily volume of 297,811 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Robin Energy

Several hedge funds and other institutional investors have recently made changes to their positions in RBNE. Kitching Partners LLC purchased a new stake in shares of Robin Energy during the 3rd quarter worth approximately $27,000. Virtu Financial LLC purchased a new stake in shares of Robin Energy in the 3rd quarter valued at about $28,000. Two Sigma Investments LP acquired a new stake in shares of Robin Energy in the 3rd quarter valued at about $51,000. Connective Capital Management LLC purchased a new position in Robin Energy during the 3rd quarter worth approximately $78,000. Finally, Citadel Advisors LLC purchased a new stake in Robin Energy in the third quarter valued at approximately $585,000.

Wall Street Analysts Forecast Growth

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

Robin Energy Price Performance

Shares of Robin Energy stock traded down $0.04 during trading on Tuesday, hitting $1.07. 207,551 shares of the stock were exchanged, compared to its average volume of 259,899. The firm’s 50-day moving average price is $1.67 and its 200 day moving average price is $2.94. The stock has a market cap of $7.48 million, a price-to-earnings ratio of 36.53 and a beta of 0.43. Robin Energy has a 12-month low of $1.05 and a 12-month high of $102.85.

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.