Short Interest in Robin Energy Ltd. (NASDAQ:RBNE) Rises By 84.1%

Robin Energy Ltd. (NASDAQ:RBNE) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 65,145 shares, a growth of 84.1% from the July 15th total of 35,378 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average daily volume of 232,840 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of research firms have weighed in on RBNE. Weiss Ratings reissued a “sell (d)” rating on shares of Robin Energy in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Robin Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in shares of Robin Energy during the third quarter worth about $585,000. Empery Asset Management LP acquired a new stake in Robin Energy during the 4th quarter worth approximately $882,000. Connective Capital Management LLC acquired a new stake in Robin Energy during the 3rd quarter worth approximately $78,000. Two Sigma Investments LP acquired a new stake in Robin Energy during the 3rd quarter worth approximately $51,000. Finally, Virtu Financial LLC purchased a new position in shares of Robin Energy in the 3rd quarter valued at approximately $28,000.

Robin Energy Stock Performance

Shares of RBNE stock opened at $2.82 on Tuesday. The stock’s 50-day moving average is $6.90 and its two-hundred day moving average is $24.89. The firm has a market cap of $3.76 million, a price-to-earnings ratio of 6.28 and a beta of 1.51. Robin Energy has a 1 year low of $2.07 and a 1 year high of $374.25.

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.