Rubico Inc. (NASDAQ:RUBI) Short Interest Update

Rubico Inc. (NASDAQ:RUBI) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 5,055 shares, a decrease of 75.1% from the June 30th total of 20,329 shares. Based on an average trading volume of 124,683 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.9% of the company’s stock are sold short.

Insiders Place Their Bets

In other Rubico news, major shareholder Financial Lp Hrt sold 22,040 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $23.75, for a total transaction of $523,450.00. Following the transaction, the insider directly owned 15,397 shares in the company, valued at $365,678.75. This represents a 58.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of Rubico in a research report on Monday, June 15th. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Rubico Price Performance

Shares of NASDAQ RUBI traded down $0.14 during mid-day trading on Friday, reaching $2.22. 1,461,073 shares of the company were exchanged, compared to its average volume of 1,526,654. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.69 and a current ratio of 0.70. Rubico has a 1 year low of $2.10 and a 1 year high of $391,365.00.

Rubico Company Profile

Rubico Inc is a provider of shipping transportation services specializing in the ownership of vessels. Rubico Inc is based in ATHENS, Greece.