Short Interest in Rubico Inc. (NASDAQ:RUBI) Decreases By 97.8%

Rubico Inc. (NASDAQ:RUBI) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 20,329 shares, a decrease of 97.8% from the June 15th total of 914,104 shares. Based on an average daily volume of 414,183 shares, the short-interest ratio is presently 0.0 days. Approximately 3.6% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of Rubico in a research note on Monday, June 15th. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Rubico presently has an average rating of “Sell”.

Rubico Trading Up 2.6%

RUBI traded up $0.12 during mid-day trading on Friday, reaching $4.75. The stock had a trading volume of 8,811 shares, compared to its average volume of 802,000. Rubico has a 52 week low of $4.28 and a 52 week high of $391,365.00.

Insider Buying and Selling

In other Rubico news, major shareholder Financial Lp Hrt sold 22,040 shares of Rubico stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $23.75, for a total transaction of $523,450.00. Following the transaction, the insider owned 15,397 shares of the company’s stock, valued at $365,678.75. The trade was a 58.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.70% of the company’s stock.

Rubico Company Profile

Rubico Inc is a provider of shipping transportation services specializing in the ownership of vessels. Rubico Inc is based in ATHENS, Greece.