Rubico Inc. (NASDAQ:RUBI) Short Interest Update

Rubico Inc. (NASDAQ:RUBI) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 50,885 shares, an increase of 906.6% from the July 15th total of 5,055 shares. Approximately 8.3% of the company’s stock are sold short. Based on an average daily volume of 2,685,704 shares, the short-interest ratio is currently 0.0 days.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 22,040 shares of the business’s stock in a transaction dated 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 directly owned 15,397 shares in the company, valued at $365,678.75. The trade was a 58.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Rubico Stock Performance

NASDAQ RUBI traded up $0.04 during trading hours on Tuesday, hitting $2.27. 75,046 shares of the company traded hands, compared to its average volume of 2,050,345. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.69 and a current ratio of 0.70. The stock has a 50-day simple moving average of $4.71. Rubico has a twelve month low of $2.01 and a twelve month high of $167,895.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Rubico in a research report on Monday, June 15th. They set a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rubico presently has a consensus rating of “Sell”.

About Rubico

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