Robin Energy Ltd. (NASDAQ:RBNE) Short Interest Up 21.9% in January

Robin Energy Ltd. (NASDAQ:RBNE) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 221,191 shares, a growth of 21.9% from the January 15th total of 181,525 shares. Based on an average daily volume of 296,881 shares, the short-interest ratio is presently 0.7 days. Approximately 7.9% of the shares of the stock are sold short. Approximately 7.9% of the shares of the stock are sold short. Based on an average daily volume of 296,881 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RBNE. Weiss Ratings initiated coverage on Robin Energy in a report on Monday, January 12th. They issued a “sell (d-)” rating on the stock. Wall Street Zen downgraded Robin Energy from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Robin Energy Stock Up 16.7%

Shares of RBNE traded up $0.64 during trading hours on Wednesday, reaching $4.48. 320,157 shares of the company traded hands, compared to its average volume of 337,729. The stock has a market capitalization of $12.59 million and a PE ratio of 22.40. The stock has a fifty day simple moving average of $3.77 and a 200 day simple moving average of $5.80. Robin Energy has a fifty-two week low of $2.78 and a fifty-two week high of $123.25.

Robin Energy declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 16th that permits the company to buyback $1.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in shares of Robin Energy during the third quarter worth $585,000. Empery Asset Management LP purchased a new position in Robin Energy during the fourth quarter worth about $882,000. Connective Capital Management LLC acquired a new stake in Robin Energy in the 3rd quarter worth about $78,000. Two Sigma Investments LP acquired a new stake in Robin Energy in the 3rd quarter worth about $51,000. Finally, Virtu Financial LLC purchased a new stake in Robin Energy in the 3rd quarter valued at about $28,000.

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.