Rubico Inc. (NASDAQ:RUBI) Short Interest Up 1,969.2% in June

Rubico Inc. (NASDAQ:RUBI) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 914,104 shares, a growth of 1,969.2% from the May 31st total of 44,177 shares. Based on an average daily volume of 46,511,552 shares, the short-interest ratio is currently 0.0 days. Approximately 38.6% of the shares of the stock are short sold.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 22,040 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $23.75, for a total transaction of $523,450.00. Following the sale, the insider directly owned 15,397 shares of the company’s stock, valued at $365,678.75. This represents a 58.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Rubico in a report on Monday, June 15th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rubico presently has a consensus rating of “Sell”.

Rubico Trading Up 11.3%

Shares of NASDAQ:RUBI traded up $0.68 during trading on Friday, hitting $6.65. 259,901 shares of the company’s stock were exchanged, compared to its average volume of 30,620,700. Rubico has a 1-year low of $5.22 and a 1-year high of $391,365.00.

About Rubico

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