Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Short Interest Update

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 156,852 shares, an increase of 20.0% from the March 31st total of 130,710 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,009 shares, the days-to-cover ratio is currently 3.8 days.

Analysts Set New Price Targets

HMR has been the topic of a number of analyst reports. B. Riley Financial lowered their target price on Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Zacks Research cut Heidmar Maritime from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $3.00.

Heidmar Maritime Stock Performance

Shares of NASDAQ:HMR opened at $0.80 on Friday. The business’s fifty day moving average price is $0.87 and its two-hundred day moving average price is $0.99. The stock has a market cap of $46.98 million, a PE ratio of -2.06 and a beta of -1.35. Heidmar Maritime has a one year low of $0.73 and a one year high of $2.86.

About Heidmar Maritime

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double?hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.