Short Interest in Robin Energy Ltd. (NASDAQ:RBNE) Increases By 21.9%

Robin Energy Ltd. (NASDAQ:RBNE) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 221,191 shares, a growth of 21.9% from the January 15th total of 181,525 shares. Based on an average daily trading volume, of 296,881 shares, the days-to-cover ratio is currently 0.7 days. Currently, 7.9% of the shares of the stock are short sold. Currently, 7.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 296,881 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Robin Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP acquired a new stake in shares of Robin Energy in the 3rd quarter valued at approximately $51,000. Virtu Financial LLC bought a new stake in Robin Energy in the 3rd quarter valued at about $28,000. Citadel Advisors LLC bought a new stake in shares of Robin Energy during the 3rd quarter valued at $585,000. Kitching Partners LLC bought a new position in Robin Energy in the 3rd quarter valued at about $27,000. Finally, Connective Capital Management LLC bought a new stake in Robin Energy during the third quarter worth $78,000.

Robin Energy Stock Up 7.9%

RBNE stock opened at $4.10 on Tuesday. Robin Energy has a twelve month low of $2.78 and a twelve month high of $123.25. The company has a market cap of $11.52 million and a P/E ratio of 20.50. The business has a fifty day moving average of $3.79 and a 200-day moving average of $5.86.

Robin Energy declared that its board has authorized a stock buyback program on Tuesday, December 16th that allows the company to buyback $1.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 8.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RBNE. Wall Street Zen lowered shares of Robin Energy from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Weiss Ratings started coverage on shares of Robin Energy in a research note on Monday, January 12th. They set a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

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.