Robin Energy Ltd. (NASDAQ:RBNE) Sees Large Increase in Short Interest

Robin Energy Ltd. (NASDAQ:RBNE) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 294,431 shares, an increase of 1,485.9% from the October 15th total of 18,566 shares. Approximately 22.1% of the company’s stock are sold short. Based on an average daily trading volume, of 45,972,533 shares, the days-to-cover ratio is currently 0.0 days.

Robin Energy Stock Up 0.5%

NASDAQ RBNE traded up $0.00 during trading hours on Tuesday, hitting $0.13. 16,994,760 shares of the company were exchanged, compared to its average volume of 53,664,404. The company has a 50 day moving average of $1.62 and a two-hundred day moving average of $18.50. Robin Energy has a 52-week low of $0.11 and a 52-week high of $83.29. The firm has a market cap of $171,171.00, a price-to-earnings ratio of 0.02 and a beta of 2.35.

Robin Energy shares are set to reverse split on the morning of Tuesday, November 24th. The 1-75 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 23rd.

Robin Energy (NASDAQ:RBNE) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported $2.03 earnings per share (EPS) for the quarter. Robin Energy had a return on equity of 21.48% and a net margin of 39.36%. The business had revenue of $2.60 million during the quarter.

Robin Energy Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, November 20th. Investors of record on Monday, November 16th will be issued a $0.10 dividend.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Robin Energy in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Robin Energy has a consensus rating of “Sell”.

About Robin Energy

Robin Energy Ltd. is a shipping company focused on the ownership and operation of tanker vessels. The company provides maritime transportation services for liquid bulk cargoes, including refined petroleum products and other energy-related commodities. Robin Energy’s vessels serve international trade routes, transporting cargoes between ports in major global shipping markets. Its business is influenced by demand for seaborne energy transportation, vessel utilization and prevailing conditions in the product tanker market.