Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Stock Short Interest Jumps 69.4%

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 66,610 shares, a growth of 69.4% from the August 31st total of 39,332 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 227,736 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

HMR has been the subject of a number of recent research reports. Zacks Research downgraded Heidmar Maritime from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $2.62.

Heidmar Maritime Price Performance

HMR traded up $0.01 during trading hours on Thursday, reaching $1.69. The company’s stock had a trading volume of 95,232 shares, compared to its average volume of 128,790. Heidmar Maritime has a fifty-two week low of $0.73 and a fifty-two week high of $2.02. The stock has a market cap of $99.40 million, a PE ratio of 84.29 and a beta of -0.34. The business’s 50-day moving average is $1.41 and its 200-day moving average is $1.18.

Heidmar Maritime (NASDAQ:HMR) last posted its earnings results on Tuesday, September 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). Heidmar Maritime had a return on equity of 21.68% and a net margin of 2.47%.The business had revenue of $29.00 million for the quarter. Analysts expect that Heidmar Maritime will post 0.2 EPS for the current year.

About Heidmar Maritime

Heidmar Maritime Holdings Corp. (NASDAQ: HMR) is a maritime transportation and commercial management company focused primarily on the global tanker sector. Through its operating businesses and affiliated tanker pools, the company provides commercial, operational and logistical services for vessel owners and charterers.

Heidmar’s activities include vessel commercial management, chartering, voyage planning, freight procurement and pool administration. Its platform has historically served segments such as crude oil, petroleum products and chemical tankers, helping customers coordinate vessel employment and cargo transportation in international markets.

Founded in 1984, Heidmar has developed a global operating presence through relationships with shipowners, charterers and energy companies.