Rubico Inc. (NASDAQ:RUBI) Shares Shorted: Short Interest Down 90.8% in October

Rubico Inc. (NASDAQ:RUBI) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 24,342 shares, a drop of 90.8% from the October 15th total of 264,415 shares. Approximately 22.1% of the company’s stock are sold short. Based on an average trading volume of 622,100 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Rubico from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, November 4th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Rubico Stock Performance

RUBI stock opened at $0.93 on Friday. The stock’s 50 day moving average price is $13.03. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.14. Rubico has a fifty-two week low of $0.92 and a fifty-two week high of $278,947.50.

Rubico (NASDAQ:RUBI) last issued its earnings results on Thursday, November 12th. The company reported $6.02 earnings per share for the quarter. The firm had revenue of $5.41 million during the quarter.

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.