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

Robin Energy Ltd. (NASDAQ:RBNE) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 234,971 shares, a drop of 71.0% from the June 15th total of 809,355 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 358,484 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

RBNE has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Robin Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Robin Energy has an average rating of “Sell”.

Hedge Funds Weigh In On Robin Energy

Institutional investors have recently modified their holdings of the stock. Empery Asset Management LP acquired a new position in shares of Robin Energy in the 4th quarter valued at about $882,000. Connective Capital Management LLC purchased a new position in Robin Energy during the third quarter valued at approximately $78,000. Kitching Partners LLC purchased a new position in Robin Energy during the third quarter valued at approximately $27,000. Citadel Advisors LLC acquired a new position in Robin Energy in the third quarter valued at approximately $585,000. Finally, Virtu Financial LLC acquired a new position in Robin Energy in the third quarter valued at approximately $28,000.

Robin Energy Stock Performance

Shares of Robin Energy stock traded down $1.58 during trading on Friday, hitting $6.45. 96,766 shares of the company’s stock were exchanged, compared to its average volume of 34,253. The business has a 50-day simple moving average of $14.60 and a 200-day simple moving average of $33.67. Robin Energy has a 52-week low of $6.21 and a 52-week high of $374.25. The stock has a market capitalization of $3.74 million, a price-to-earnings ratio of 14.34 and a beta of 0.82.

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.