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

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RBNE. Virtu Financial LLC bought a new stake in shares of Robin Energy during the third quarter worth about $28,000. Two Sigma Investments LP purchased a new stake in shares of Robin Energy in the third quarter worth approximately $51,000. Connective Capital Management LLC bought a new position in shares of Robin Energy in the third quarter valued at approximately $78,000. Citadel Advisors LLC purchased a new position in shares of Robin Energy during the third quarter valued at approximately $585,000. Finally, Empery Asset Management LP purchased a new position in shares of Robin Energy during the fourth quarter valued at approximately $882,000.

Analyst Ratings Changes

Several brokerages have recently commented on RBNE. Wall Street Zen raised shares of Robin Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. 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. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Robin Energy Stock Down 43.7%

NASDAQ:RBNE traded down $2.48 on Friday, hitting $3.20. The stock had a trading volume of 829,174 shares, compared to its average volume of 162,172. Robin Energy has a 52 week low of $3.15 and a 52 week high of $374.25. The business’s fifty day moving average is $11.46 and its 200 day moving average is $30.83. The company has a market cap of $1.86 million, a PE ratio of 7.11 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.