Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Stock Short Interest Report for September

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 21,312 shares, a decrease of 68.0% from the September 15th total of 66,610 shares. Based on an average trading volume of 132,876 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Heidmar Maritime Trading Up 5.0%

NASDAQ HMR traded up $0.09 during trading on Tuesday, reaching $1.89. 116,220 shares of the company’s stock were exchanged, compared to its average volume of 129,246. Heidmar Maritime has a fifty-two week low of $0.73 and a fifty-two week high of $2.02. The company’s fifty day simple moving average is $1.51 and its 200-day simple moving average is $1.23. The firm has a market capitalization of $111.49 million, a PE ratio of 94.55 and a beta of -0.49.

Heidmar Maritime (NASDAQ:HMR) last issued its earnings results on Tuesday, September 1st. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The business had revenue of $29.00 million during the quarter. Heidmar Maritime had a net margin of 2.47% and a return on equity of 21.68%. Equities analysts forecast that Heidmar Maritime will post 0.20 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Heidmar Maritime in a research note on Thursday, August 13th. Zacks Research raised Heidmar Maritime from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 30th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.62.

Heidmar Maritime Company Profile

Heidmar Maritime Holdings Corp. is a global maritime transportation and commercial management company focused primarily on the tanker shipping industry. Through its operating platform, the company manages and commercially operates fleets that transport crude oil, refined petroleum products, and other liquid cargoes.

Heidmar provides services that may include vessel pooling, chartering, voyage planning, freight and revenue optimization, commercial operations, and other logistics and support activities for shipowners and cargo customers.