Short Interest in Robin Energy Ltd. (NASDAQ:RBNE) Expands By 84.1%

Robin Energy Ltd. (NASDAQ:RBNE) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 65,145 shares, a growth of 84.1% from the July 15th total of 35,378 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 232,840 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in Robin Energy during the third quarter worth about $585,000. Empery Asset Management LP bought a new position in shares of Robin Energy in the fourth quarter worth about $882,000. Connective Capital Management LLC acquired a new stake in shares of Robin Energy in the 3rd quarter valued at approximately $78,000. Two Sigma Investments LP acquired a new stake in shares of Robin Energy in the 3rd quarter valued at approximately $51,000. Finally, Virtu Financial LLC bought a new stake in shares of Robin Energy during the 3rd quarter valued at approximately $28,000.

Robin Energy Stock Performance

Shares of Robin Energy stock traded down $0.20 during trading on Friday, reaching $2.54. 41,216 shares of the company’s stock were exchanged, compared to its average volume of 156,712. Robin Energy has a 1-year low of $2.07 and a 1-year high of $374.25. The company has a market cap of $3.38 million, a P/E ratio of 5.65 and a beta of 1.49. The firm’s 50-day moving average price is $7.17 and its 200 day moving average price is $25.59.

Analysts Set New Price Targets

Several equities analysts have commented on RBNE shares. Weiss Ratings reissued a “sell (d)” rating on shares of Robin Energy in a report on Wednesday, July 29th. Wall Street Zen raised shares of Robin Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus 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.