Robin Energy Ltd. (NASDAQ:RBNE) Sees Large Decrease in Short Interest

Robin Energy Ltd. (NASDAQ:RBNE) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 158,516 shares, a decrease of 75.1% from the December 15th total of 637,159 shares. Based on an average trading volume of 300,937 shares, the short-interest ratio is presently 0.5 days. Currently, 5.6% of the company’s stock are sold short. Currently, 5.6% of the company’s stock are sold short. Based on an average trading volume of 300,937 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Robin Energy

A number of large investors have recently modified their holdings of RBNE. Kitching Partners LLC bought a new position in shares of Robin Energy in the 3rd quarter valued at about $27,000. Connective Capital Management LLC bought a new stake in Robin Energy during the third quarter worth about $78,000. Citadel Advisors LLC acquired a new position in Robin Energy during the third quarter valued at approximately $585,000. Virtu Financial LLC bought a new position in Robin Energy in the third quarter valued at approximately $28,000. Finally, Two Sigma Investments LP bought a new position in Robin Energy in the third quarter valued at approximately $51,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Robin Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th.

Robin Energy Stock Up 1.8%

NASDAQ:RBNE opened at $3.44 on Tuesday. The company has a market cap of $9.67 million and a P/E ratio of 17.20. Robin Energy has a twelve month low of $2.78 and a twelve month high of $123.25. The business has a 50 day moving average price of $4.07 and a two-hundred day moving average price of $7.86.

Robin Energy (NASDAQ:RBNE) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Robin Energy announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 16th that allows the company to repurchase $1.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.