Short Interest in Robin Energy Ltd. (NASDAQ:RBNE) Grows By 425.9%

Robin Energy Ltd. (NASDAQ:RBNE) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 809,355 shares, an increase of 425.9% from the May 31st total of 153,890 shares. Approximately 11.5% of the shares of the company are sold short. Based on an average daily volume of 2,099,638 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings raised shares of Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. Wall Street Zen raised shares of Robin Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Robin Energy

Hedge funds have recently bought and sold shares of the stock. Connective Capital Management LLC bought a new position in shares of Robin Energy in the third quarter worth about $78,000. Citadel Advisors LLC bought a new position in shares of Robin Energy during the 3rd quarter valued at approximately $585,000. Virtu Financial LLC bought a new position in shares of Robin Energy during the 3rd quarter valued at approximately $28,000. Two Sigma Investments LP purchased a new stake in Robin Energy in the 3rd quarter worth approximately $51,000. Finally, Empery Asset Management LP purchased a new stake in Robin Energy in the 4th quarter worth approximately $882,000.

Robin Energy Price Performance

NASDAQ:RBNE opened at $0.68 on Friday. The firm has a market capitalization of $4.74 million, a price-to-earnings ratio of 22.50 and a beta of 0.42. Robin Energy has a one year low of $0.62 and a one year high of $24.95. The business has a fifty day moving average price of $1.23 and a 200-day moving average price of $2.51.

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.