Rubico Inc. (NASDAQ:RUBI) Short Interest Update

Rubico Inc. (NASDAQ:RUBI) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 5,055 shares, a drop of 75.1% from the June 30th total of 20,329 shares. Based on an average daily volume of 124,683 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.9% of the company’s shares are short sold.

Insider Buying and Selling at Rubico

In other news, major shareholder Financial Lp Hrt sold 22,040 shares of the business’s stock in a transaction 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 completion of the sale, the insider directly owned 15,397 shares of the company’s stock, valued at approximately $365,678.75. The trade was a 58.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.70% of the company’s stock.

Rubico Trading Down 5.9%

NASDAQ:RUBI traded down $0.14 during midday trading on Friday, hitting $2.22. The stock had a trading volume of 1,461,073 shares, compared to its average volume of 1,526,654. Rubico has a one year low of $2.10 and a one year high of $391,365.00. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.70 and a quick ratio of 0.69.

Analysts Set New Price Targets

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

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.