Rubico Inc. (NASDAQ:RUBI) Stock Short Interest Jumps 74.9%

Rubico Inc. (NASDAQ:RUBI) was the target of a large 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. Currently, 2.8% of the company’s shares are short sold. Based on an average daily volume of 689,259 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Rubico Stock Performance

Rubico stock traded up $0.07 during trading hours on Friday, reaching $0.39. 65,186,797 shares of the company’s stock were exchanged, compared to its average volume of 2,020,818. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. The stock’s 50 day moving average price is $0.95. Rubico has a twelve month low of $0.30 and a twelve month high of $81,502.20.

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