Robin Energy Ltd. (NASDAQ:RBNE) Short Interest Down 71.0% in June

Robin Energy Ltd. (NASDAQ:RBNE) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 234,971 shares, a decrease of 71.0% from the June 15th total of 809,355 shares. Based on an average daily trading volume, of 358,484 shares, the short-interest ratio is presently 0.7 days. Approximately 2.7% of the shares of the company are sold short.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Robin Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in shares of Robin Energy during the 3rd quarter worth about $585,000. Empery Asset Management LP acquired a new position in Robin Energy during the fourth quarter valued at approximately $882,000. Connective Capital Management LLC acquired a new position in Robin Energy during the third quarter valued at approximately $78,000. Two Sigma Investments LP purchased a new stake in Robin Energy during the third quarter worth approximately $51,000. Finally, Virtu Financial LLC purchased a new stake in Robin Energy during the third quarter worth approximately $28,000.

Robin Energy Price Performance

Shares of NASDAQ RBNE traded down $1.03 on Tuesday, hitting $5.68. The company’s stock had a trading volume of 46,300 shares, compared to its average volume of 200,767. The stock has a 50 day moving average of $14.26 and a 200-day moving average of $33.34. The company has a market capitalization of $3.30 million, a price-to-earnings ratio of 12.87 and a beta of 0.82. Robin Energy has a 12-month low of $5.77 and a 12-month high of $374.25.

Robin Energy Company Profile

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.