Rubico Inc. (NASDAQ:RUBI) Sees Large Growth in Short Interest

Rubico Inc. (NASDAQ:RUBI) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 70,792 shares, a growth of 74.9% from the September 15th total of 40,481 shares. Based on an average daily volume of 689,259 shares, the short-interest ratio is presently 0.1 days. Approximately 2.8% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Rubico from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, October 9th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Rubico Trading Up 3.1%

Shares of RUBI stock traded up $0.01 during mid-day trading on Thursday, reaching $0.33. The stock had a trading volume of 98,129 shares, compared to its average volume of 770,908. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 1.61. Rubico has a 12-month low of $0.31 and a 12-month high of $81,900.00. The firm’s 50-day moving average is $1.00.

Rubico (NASDAQ:RUBI) last released its quarterly earnings data on Friday, August 14th. The company reported ($6.21) EPS for the quarter. The company had revenue of $4.84 million for the quarter.

Rubico Company Profile

Rubicon Technologies, Inc, which traded under the Nasdaq symbol RUBI, was a technology company focused on waste management and recycling. Its platform connected businesses and government organizations with waste haulers and recycling providers, helping customers manage collection services, improve operational efficiency and increase the diversion of materials from landfills.

The company offered software and data-driven tools for waste and recycling procurement, service management, reporting and sustainability initiatives.