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

Robin Energy Ltd. (NASDAQ:RBNE) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 809,355 shares, a growth of 425.9% from the May 31st total of 153,890 shares. Currently, 11.5% of the company’s stock are sold short. Based on an average trading volume of 2,099,638 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Robin Energy

Several institutional investors have recently added to or reduced their stakes in RBNE. Kitching Partners LLC bought a new stake in shares of Robin Energy in the third quarter worth about $27,000. Empery Asset Management LP bought a new position in Robin Energy during the 4th quarter valued at approximately $882,000. Virtu Financial LLC bought a new position in Robin Energy during the 3rd quarter valued at approximately $28,000. Connective Capital Management LLC purchased a new stake in Robin Energy in the 3rd quarter worth approximately $78,000. Finally, Citadel Advisors LLC purchased a new stake in Robin Energy in the 3rd quarter worth approximately $585,000.

Analysts Set New Price Targets

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

Robin Energy Stock Performance

RBNE stock traded up $0.03 during midday trading on Friday, reaching $0.68. 130,440 shares of the company’s stock traded hands, compared to its average volume of 1,344,617. Robin Energy has a 52 week low of $0.62 and a 52 week high of $24.95. The company has a 50-day moving average price of $1.23 and a two-hundred day moving average price of $2.50. The firm has a market capitalization of $4.74 million, a PE ratio of 22.50 and a beta of 0.42.

About Robin Energy

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.