Robin Energy Ltd. (NASDAQ:RBNE) Sees Large Increase in Short Interest

Robin Energy Ltd. (NASDAQ:RBNE) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 294,431 shares, a growth of 1,485.9% from the October 15th total of 18,566 shares. Based on an average daily volume of 45,972,533 shares, the short-interest ratio is presently 0.0 days. Currently, 22.1% of the shares of the stock are sold short.

Robin Energy Price Performance

Shares of NASDAQ RBNE traded down $0.00 during midday trading on Thursday, hitting $0.12. The stock had a trading volume of 8,017,979 shares, compared to its average volume of 5,260,172. The company’s 50-day simple moving average is $1.57 and its 200 day simple moving average is $18.19. The firm has a market cap of $161,172.00, a P/E ratio of 1.34 and a beta of 2.35. Robin Energy has a fifty-two week low of $0.11 and a fifty-two week high of $79.35.

Shares of Robin Energy are scheduled to reverse split on the morning of Tuesday, November 24th. The 1-75 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 23rd.

Robin Energy (NASDAQ:RBNE) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported $2.03 EPS for the quarter. The company had revenue of $2.60 million during the quarter. Robin Energy had a net margin of 39.36% and a return on equity of 21.48%.

Robin Energy Announces Dividend

The business also recently declared a special dividend, which will be paid on Friday, November 20th. Stockholders of record on Monday, November 16th will be paid a $0.10 dividend.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Robin Energy in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Robin Energy has a consensus rating of “Sell”.

Robin Energy Company Profile

Robin Energy Ltd. is a shipping company focused on the ownership and operation of tanker vessels. The company provides maritime transportation services for liquid bulk cargoes, including refined petroleum products and other energy-related commodities. Robin Energy’s vessels serve international trade routes, transporting cargoes between ports in major global shipping markets. Its business is influenced by demand for seaborne energy transportation, vessel utilization and prevailing conditions in the product tanker market.