Rubico Inc. (NASDAQ:RUBI) Short Interest Update

Rubico Inc. (NASDAQ:RUBI) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 50,885 shares, a growth of 906.6% from the July 15th total of 5,055 shares. Based on an average daily trading volume, of 2,685,704 shares, the short-interest ratio is currently 0.0 days. Currently, 8.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on Rubico in a research note on Monday, June 15th. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Rubico Stock Performance

RUBI stock traded up $0.04 during mid-day trading on Tuesday, hitting $2.27. 75,046 shares of the company were exchanged, compared to its average volume of 2,050,345. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.69 and a current ratio of 0.70. The business has a 50 day simple moving average of $4.71. Rubico has a 1-year low of $2.01 and a 1-year high of $167,895.00.

Insider Activity at Rubico

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

About Rubico

Rubico Inc is a provider of shipping transportation services specializing in the ownership of vessels. Rubico Inc is based in ATHENS, Greece.