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

Robin Energy Ltd. (NASDAQ:RBNEGet Free Report) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 234,971 shares, a decline of 71.0% from the June 15th total of 809,355 shares. Based on an average daily volume of 358,484 shares, the short-interest ratio is presently 0.7 days. Currently, 2.7% of the shares of the company are sold short.

Analyst Ratings Changes

A number of analysts recently issued reports on RBNE shares. Wall Street Zen raised shares of Robin Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Read Our Latest Stock Report on Robin Energy

Institutional Investors Weigh In On Robin Energy

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

Robin Energy Trading Down 19.7%

RBNE traded down $1.58 during trading on Friday, hitting $6.45. The company’s stock had a trading volume of 96,766 shares, compared to its average volume of 34,253. Robin Energy has a twelve month low of $6.21 and a twelve month high of $374.25. The business’s fifty day simple moving average is $14.60 and its 200 day simple moving average is $33.67. The firm has a market capitalization of $3.74 million, a price-to-earnings ratio of 14.34 and a beta of 0.82.

About Robin Energy

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Robin Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robin Energy and related companies with MarketBeat.com's FREE daily email newsletter.