URL has been copied successfully!
Robin Energy Ltd (NASDAQ:RBNE) shares continued their upward trajectory during Thursday’s premarket session. The move follows a volatile week for the energy transportation provider.
Short Interest Spikes Significantly
Short interest in Robin Energy climbed from 314,620 to 856,160 shares during the last reporting period. This surge means 12.66% of the company’s float is now held short.
Board Authorizes $3 Million Buyback
The company is executing a strategic tender offer. Robin Energy announced on Tuesday it will purchase up to 1,000,000 shares of its common stock. The company set the purchase price at $3.00 per …
Please follow us:
This post was originally published here
