Rubico Inc. (NASDAQ:RUBI) Short Interest Up 906.6% in July

Rubico Inc. (NASDAQ:RUBI) was the recipient of a significant increase in short interest during 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 daily volume of 2,685,704 shares, the days-to-cover ratio is presently 0.0 days. Approximately 8.3% of the shares of the company are short sold.

Rubico Stock Performance

RUBI traded down $0.03 during midday trading on Thursday, hitting $1.96. 47,270 shares of the company traded hands, compared to its average volume of 455,741. The stock’s 50 day moving average price is $4.64. Rubico has a 52-week low of $1.63 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on Rubico in a research report on Monday, June 15th. They set a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Insider Activity at Rubico

In other Rubico news, major shareholder Financial Lp Hrt sold 22,040 shares of Rubico stock in a transaction that occurred 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 in the company, valued at approximately $365,678.75. The trade was a 58.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.70% of the stock is owned by company insiders.

About Rubico

Rubico Inc is a provider of shipping transportation services specializing in the ownership of vessels. Rubico Inc is based in ATHENS, Greece.