Rubico Inc. (NASDAQ:RUBI) Short Interest Update

Rubico Inc. (NASDAQ:RUBI) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 20,329 shares, a drop of 97.8% from the June 15th total of 914,104 shares. Based on an average trading volume of 414,183 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.6% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Rubico Trading Up 2.6%

RUBI traded up $0.12 during midday trading on Friday, reaching $4.75. The company had a trading volume of 8,811 shares, compared to its average volume of 270,988. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.69 and a current ratio of 0.70. Rubico has a 1 year low of $4.28 and a 1 year high of $391,365.00.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 22,040 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $23.75, for a total transaction of $523,450.00. Following the sale, the insider owned 15,397 shares in the company, valued at $365,678.75. This represents a 58.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Rubico Company Profile

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