Short Interest in Robin Energy Ltd. (NASDAQ:RBNE) Decreases By 84.9%

Robin Energy Ltd. (NASDAQ:RBNE) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 35,378 shares, a drop of 84.9% from the June 30th total of 234,971 shares. Based on an average daily volume of 186,673 shares, the days-to-cover ratio is presently 0.2 days. Currently, 6.1% of the shares of the company are sold short.

Robin Energy Trading Down 43.7%

Shares of RBNE traded down $2.48 during mid-day trading on Friday, hitting $3.20. The company’s stock had a trading volume of 829,174 shares, compared to its average volume of 203,445. The company’s 50-day moving average is $11.46 and its 200-day moving average is $30.68. Robin Energy has a 52-week low of $3.15 and a 52-week high of $374.25. The firm has a market capitalization of $1.86 million, a price-to-earnings ratio of 0.52 and a beta of 0.82.

Analyst Ratings Changes

A number of research firms recently issued reports on RBNE. Wall Street Zen raised shares of Robin Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Robin Energy

Several institutional investors and hedge funds have recently modified their holdings of RBNE. Virtu Financial LLC acquired a new stake in Robin Energy during the third quarter worth about $28,000. Two Sigma Investments LP acquired a new position in Robin Energy in the third quarter valued at approximately $51,000. Connective Capital Management LLC acquired a new position in Robin Energy in the third quarter valued at approximately $78,000. Citadel Advisors LLC purchased a new stake in Robin Energy in the 3rd quarter worth approximately $585,000. Finally, Empery Asset Management LP purchased a new stake in Robin Energy in the 4th quarter worth approximately $882,000.

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.