Robin Energy Ltd. (NASDAQ:RBNE) Sees Significant Increase in Short Interest

Robin Energy Ltd. (NASDAQ:RBNE) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 221,191 shares, an increase of 21.9% from the January 15th total of 181,525 shares. Based on an average daily trading volume, of 296,881 shares, the days-to-cover ratio is presently 0.7 days. Currently, 7.9% of the shares of the stock are short sold. Currently, 7.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 296,881 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kitching Partners LLC bought a new position in shares of Robin Energy in the 3rd quarter valued at $27,000. Virtu Financial LLC bought a new stake in Robin Energy during the 3rd quarter worth $28,000. Two Sigma Investments LP acquired a new position in Robin Energy in the 3rd quarter worth about $51,000. Connective Capital Management LLC bought a new position in Robin Energy in the third quarter valued at about $78,000. Finally, Empery Asset Management LP acquired a new stake in shares of Robin Energy during the fourth quarter valued at about $882,000.

Robin Energy Trading Up 10.7%

RBNE stock opened at $4.25 on Thursday. The firm has a 50-day moving average price of $3.77 and a 200-day moving average price of $5.79. Robin Energy has a 12 month low of $2.78 and a 12 month high of $123.25. The stock has a market capitalization of $11.94 million and a P/E ratio of 21.25.

Robin Energy declared that its board has initiated a share buyback program on Tuesday, December 16th that authorizes the company to buyback $1.00 million in shares. This buyback authorization authorizes the company to repurchase up to 8.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings started coverage on shares of Robin Energy in a research report on Monday, January 12th. They set a “sell (d-)” rating on the stock. Wall Street Zen cut Robin Energy from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.