Robin Energy Ltd. (NASDAQ:RBNE) Short Interest Update

Robin Energy Ltd. (NASDAQ:RBNE) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 35,244 shares, a decline of 45.9% from the July 30th total of 65,145 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average daily volume of 56,616 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

RBNE has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Robin Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Robin Energy in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Robin Energy

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in Robin Energy during the third quarter worth $28,000. Two Sigma Investments LP acquired a new stake in shares of Robin Energy in the third quarter valued at $51,000. Connective Capital Management LLC purchased a new stake in shares of Robin Energy in the 3rd quarter valued at $78,000. Empery Asset Management LP acquired a new position in Robin Energy during the 4th quarter worth about $882,000. Finally, Citadel Advisors LLC acquired a new position in Robin Energy during the 3rd quarter worth about $585,000.

Robin Energy Stock Down 3.7%

Shares of RBNE traded down $0.10 during trading on Friday, reaching $2.62. 14,529 shares of the company traded hands, compared to its average volume of 50,779. The stock has a 50-day simple moving average of $5.11 and a 200-day simple moving average of $21.33. The stock has a market cap of $3.49 million, a PE ratio of 5.82 and a beta of 1.49. Robin Energy has a twelve month low of $2.07 and a twelve month high of $374.25.

About Robin Energy

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.