Short Interest in Rubico Inc. (NASDAQ:RUBI) Grows By 1,969.2%

Rubico Inc. (NASDAQ:RUBI) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 914,104 shares, an increase of 1,969.2% from the May 31st total of 44,177 shares. Currently, 38.6% of the shares of the stock are sold short. Based on an average trading volume of 46,511,552 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on Rubico in a report on Monday, June 15th. They issued a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rubico has a consensus rating of “Sell”.

Rubico Price Performance

Shares of Rubico stock opened at $0.24 on Friday. Rubico has a 12-month low of $0.21 and a 12-month high of $15,654.60.

Insider Transactions at Rubico

In related news, major shareholder Financial Lp Hrt sold 551,020 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $0.95, for a total value of $523,469.00. Following the completion of the transaction, the insider owned 384,941 shares of the company’s stock, valued at $365,693.95. This represents a 58.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.70% of the stock is owned by company insiders.

About Rubico

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