Rubico Inc. (NASDAQ:RUBI) Sees Significant Increase in Short Interest

Rubico Inc. (NASDAQ:RUBI) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 50,885 shares, an increase of 906.6% from the July 15th total of 5,055 shares. Based on an average trading volume of 2,685,704 shares, the days-to-cover ratio is presently 0.0 days. Currently, 8.3% of the shares of the company are sold short.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 22,040 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 15,397 shares in the company, valued at approximately $365,678.75. This represents a 58.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

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

Rubico Price Performance

Shares of NASDAQ RUBI traded down $0.39 during midday trading on Wednesday, reaching $1.89. 216,881 shares of the company traded hands, compared to its average volume of 455,697. The stock’s 50-day moving average is $4.71. Rubico has a 52 week low of $1.75 and a 52 week high of $167,895.00. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.70.

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.