Short Interest in Rubico Inc. (NASDAQ:RUBI) Declines By 97.8%

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

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on shares of Rubico in a research report 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 company presently has a consensus rating of “Sell”.

Rubico Price Performance

Shares of RUBI stock traded up $0.12 during mid-day trading on Friday, reaching $4.75. The stock had a trading volume of 8,811 shares, compared to its average volume of 802,000. Rubico has a 1-year low of $4.28 and a 1-year high of $391,365.00.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt sold 22,040 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $23.75, for a total transaction of $523,450.00. Following the transaction, the insider directly owned 15,397 shares in the company, valued at $365,678.75. The trade was a 58.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.70% of the stock is owned by insiders.

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.