Robin Energy Ltd. (NASDAQ:RBNE – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 65,145 shares, an increase of 84.1% from the July 15th total of 35,378 shares. Currently, 4.9% of the company’s stock are short sold. Based on an average daily trading volume, of 232,840 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in shares of Robin Energy in the third quarter valued at approximately $585,000. Empery Asset Management LP bought a new position in Robin Energy during the 4th quarter worth $882,000. Connective Capital Management LLC bought a new stake in shares of Robin Energy during the 3rd quarter valued at $78,000. Two Sigma Investments LP bought a new stake in shares of Robin Energy during the 3rd quarter valued at $51,000. Finally, Virtu Financial LLC acquired a new stake in shares of Robin Energy during the 3rd quarter worth $28,000.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Robin Energy in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of Robin Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Robin Energy currently has an average rating of “Sell”.
Robin Energy Stock Performance
RBNE traded down $0.20 during trading hours on Friday, reaching $2.54. The company’s stock had a trading volume of 41,216 shares, compared to its average volume of 156,712. The company’s 50-day moving average is $7.17 and its 200-day moving average is $25.59. Robin Energy has a 52 week low of $2.07 and a 52 week high of $374.25. The firm has a market cap of $3.38 million, a PE ratio of 5.65 and a beta of 1.49.
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.
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