Robin Energy Ltd. (NASDAQ:RBNE – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 65,145 shares, a growth of 84.1% from the July 15th total of 35,378 shares. Approximately 4.9% of the company’s shares are short sold. Based on an average daily volume of 232,840 shares, the days-to-cover ratio is currently 0.3 days.
Robin Energy Price Performance
NASDAQ RBNE traded up $0.25 on Monday, reaching $2.79. The company had a trading volume of 27,816 shares, compared to its average volume of 199,809. The firm has a market cap of $3.71 million, a price-to-earnings ratio of 6.20 and a beta of 1.51. Robin Energy has a fifty-two week low of $2.07 and a fifty-two week high of $374.25. The business has a 50 day moving average of $7.17 and a two-hundred day moving average of $25.33.
Analysts Set New Price Targets
Several research analysts have recently issued reports on RBNE shares. Wall Street Zen raised Robin Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Robin Energy in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Robin Energy has an average rating of “Sell”.
Hedge Funds Weigh In On Robin Energy
A number of hedge funds have recently made changes to their positions in RBNE. Citadel Advisors LLC acquired a new position in shares of Robin Energy in the third quarter worth approximately $585,000. Empery Asset Management LP bought a new position in Robin Energy during the 4th quarter worth approximately $882,000. Connective Capital Management LLC acquired a new position in shares of Robin Energy in the 3rd quarter worth approximately $78,000. Two Sigma Investments LP acquired a new position in shares of Robin Energy in the 3rd quarter worth approximately $51,000. Finally, Virtu Financial LLC acquired a new position in shares of Robin Energy in the 3rd quarter worth approximately $28,000.
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.
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