Rubico Inc. (NASDAQ:RUBI) Sees Significant Decrease in Short Interest

Rubico Inc. (NASDAQ:RUBI) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 24,342 shares, a decrease of 90.8% from the October 15th total of 264,415 shares. Currently, 22.1% of the shares of the company are sold short. Based on an average trading volume of 622,100 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Rubico from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, November 4th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Rubico Price Performance

Shares of NASDAQ RUBI traded down $0.13 during midday trading on Thursday, reaching $0.95. 371,825 shares of the company traded hands, compared to its average volume of 139,300. Rubico has a 52 week low of $0.95 and a 52 week high of $278,947.50. The stock’s 50-day moving average is $13.61. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 1.61.

Rubico (NASDAQ:RUBI) last announced its earnings results on Thursday, November 12th. The company reported $6.02 earnings per share (EPS) for the quarter.

About Rubico

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