Short Interest in Robin Energy Ltd. (NASDAQ:RBNE) Grows By 62.2%

Robin Energy Ltd. (NASDAQ:RBNE) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 314,622 shares, an increase of 62.2% from the February 12th total of 193,948 shares. Approximately 11.2% of the company’s shares are sold short. Based on an average trading volume of 878,048 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 878,048 shares, the days-to-cover ratio is currently 0.4 days. Approximately 11.2% of the company’s shares are sold short.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings began coverage on shares of Robin Energy in a research report on Monday, January 12th. They set a “sell (d-)” rating for the company. Wall Street Zen lowered shares of Robin Energy from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Robin Energy has a consensus rating of “Sell”.

Hedge Funds Weigh In On Robin Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in Robin Energy during the third quarter worth $585,000. Empery Asset Management LP bought a new stake in Robin Energy in the fourth quarter valued at $882,000. Connective Capital Management LLC acquired a new position in shares of Robin Energy during the third quarter valued at about $78,000. Two Sigma Investments LP acquired a new position in shares of Robin Energy during the third quarter valued at about $51,000. Finally, Virtu Financial LLC acquired a new position in shares of Robin Energy during the third quarter valued at about $28,000.

Robin Energy Stock Performance

Shares of NASDAQ:RBNE traded down $0.28 during midday trading on Friday, reaching $1.50. The company’s stock had a trading volume of 1,945,143 shares, compared to its average volume of 3,210,522. Robin Energy has a fifty-two week low of $1.49 and a fifty-two week high of $123.25. The firm has a 50 day moving average price of $3.59 and a two-hundred day moving average price of $5.00. The firm has a market capitalization of $4.21 million and a price-to-earnings ratio of 7.50.

Robin Energy announced that its Board of Directors has authorized a share buyback program on Tuesday, December 16th that allows the company to repurchase $1.00 million in shares. This repurchase authorization allows the company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is 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.