Robin Energy Ltd. (NASDAQ:RBNE) Short Interest Down 45.9% in August

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Robin Energy

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

Robin Energy Stock Up 2.7%

Shares of RBNE traded up $0.07 during mid-day trading on Tuesday, reaching $2.67. The company’s stock had a trading volume of 11,015 shares, compared to its average volume of 188,467. Robin Energy has a 1 year low of $2.07 and a 1 year high of $374.25. The company has a market cap of $3.55 million, a price-to-earnings ratio of 5.94 and a beta of 1.51. The business has a fifty day moving average of $4.96 and a 200 day moving average of $20.64.

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.