Robin Energy Ltd. (NASDAQ:RBNE) Short Interest Update

Robin Energy Ltd. (NASDAQ:RBNE) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 386,314 shares, a drop of 50.8% from the March 31st total of 785,890 shares. Currently, 5.5% of the shares of the stock are sold short. Based on an average trading volume of 1,412,731 shares, the short-interest ratio is presently 0.3 days.

Robin Energy Trading Down 8.0%

RBNE stock traded down $0.15 during trading on Tuesday, hitting $1.68. 405,229 shares of the stock traded hands, compared to its average volume of 4,417,702. Robin Energy has a one year low of $1.05 and a one year high of $102.85. The stock has a market cap of $11.76 million and a price-to-earnings ratio of 4.93. The company has a 50 day simple moving average of $2.39 and a 200 day simple moving average of $3.72.

Hedge Funds Weigh In On Robin Energy

Several institutional investors have recently added to or reduced their stakes in RBNE. Two Sigma Investments LP bought a new position in Robin Energy during the 3rd quarter valued at about $51,000. Virtu Financial LLC bought a new position in Robin Energy during the 3rd quarter valued at about $28,000. Citadel Advisors LLC acquired a new stake in Robin Energy in the 3rd quarter valued at about $585,000. Kitching Partners LLC acquired a new stake in Robin Energy in the 3rd quarter valued at about $27,000. Finally, Connective Capital Management LLC acquired a new stake in Robin Energy in the 3rd quarter valued at about $78,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RBNE. Wall Street Zen downgraded shares of Robin Energy from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Robin Energy in a report on Friday, April 10th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Robin Energy Company Profile

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.