Robin Energy Ltd. (NASDAQ:RBNE) Sees Significant Drop in Short Interest

Robin Energy Ltd. (NASDAQ:RBNE) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 234,971 shares, a decrease of 71.0% from the June 15th total of 809,355 shares. Based on an average daily volume of 358,484 shares, the short-interest ratio is presently 0.7 days. Currently, 2.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Robin Energy

Hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP acquired a new position in shares of Robin Energy in the 3rd quarter valued at $51,000. Virtu Financial LLC bought a new position in Robin Energy during the third quarter worth about $28,000. Citadel Advisors LLC acquired a new position in Robin Energy in the third quarter valued at about $585,000. Kitching Partners LLC acquired a new position in Robin Energy in the third quarter valued at about $27,000. Finally, Connective Capital Management LLC bought a new stake in shares of Robin Energy in the third quarter worth about $78,000.

Robin Energy Trading Up 4.0%

Shares of RBNE stock traded up $0.26 on Monday, reaching $6.71. The company had a trading volume of 257,950 shares, compared to its average volume of 201,918. The stock has a market cap of $3.89 million, a PE ratio of 14.92 and a beta of 0.82. The company has a 50-day moving average of $14.60 and a 200-day moving average of $33.67. Robin Energy has a 12 month low of $5.77 and a 12 month high of $374.25.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RBNE. Weiss Ratings upgraded shares of Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. Wall Street Zen raised shares of Robin Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Robin Energy has an average rating of “Sell”.

Robin Energy Company Profile

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.