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

Robin Energy Ltd. (NASDAQ:RBNE) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 159,981 shares, a drop of 46.4% from the April 30th total of 298,436 shares. Based on an average daily volume of 297,811 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.3% of the company’s stock are short sold.

Robin Energy Stock Up 0.5%

NASDAQ RBNE traded up $0.01 on Monday, reaching $1.11. The company had a trading volume of 40,101 shares, compared to its average volume of 3,491,131. The company’s fifty day moving average is $1.67 and its 200 day moving average is $2.97. Robin Energy has a 52-week low of $1.05 and a 52-week high of $102.85. The stock has a market capitalization of $7.76 million, a P/E ratio of 37.13 and a beta of 0.43.

Institutional Investors Weigh In On Robin Energy

A number of institutional investors have recently added to or reduced their stakes in RBNE. Connective Capital Management LLC purchased a new position in shares of Robin Energy in the 3rd quarter worth approximately $78,000. Citadel Advisors LLC bought a new position in Robin Energy during the third quarter valued at about $585,000. Virtu Financial LLC bought a new position in Robin Energy during the third quarter valued at about $28,000. Two Sigma Investments LP purchased a new stake in Robin Energy during the third quarter worth about $51,000. Finally, Empery Asset Management LP bought a new stake in Robin Energy in the fourth quarter worth about $882,000.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RBNE shares. Weiss Ratings raised shares of Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Robin Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently 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.