Globus Maritime Limited (NASDAQ:GLBS) Short Interest Down 29.8% in December

Globus Maritime Limited (NASDAQ:GLBS) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 288,171 shares, a drop of 29.8% from the November 30th total of 410,513 shares. Based on an average trading volume of 436,600 shares, the short-interest ratio is presently 0.7 days. Approximately 3.4% of the shares of the company are short sold. Approximately 3.4% of the shares of the company are short sold. Based on an average trading volume of 436,600 shares, the short-interest ratio is presently 0.7 days.

Globus Maritime Price Performance

Globus Maritime stock traded up $0.04 during trading hours on Monday, hitting $1.75. 174,729 shares of the company traded hands, compared to its average volume of 86,623. Globus Maritime has a 1-year low of $0.99 and a 1-year high of $1.99. The firm has a market cap of $36.02 million, a P/E ratio of -7.95 and a beta of 0.50. The firm’s 50-day simple moving average is $1.38 and its two-hundred day simple moving average is $1.21. The company has a quick ratio of 2.22, a current ratio of 2.34 and a debt-to-equity ratio of 0.59.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Globus Maritime in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.00.

About Globus Maritime

Globus Maritime Ltd. is a dry bulk shipping company incorporated in the Republic of the Marshall Islands in 2007 and headquartered in Athens, Greece. The firm owns and operates a fleet of Capesize dry bulk carriers, each with a carrying capacity of approximately 170,000 to 180,000 deadweight tons (dwt). These vessels transport key commodities such as iron ore, coal and grains under time and voyage charter agreements.

After completing its initial public offering on the NASDAQ in 2014, Globus Maritime has pursued strategic fleet growth through acquisitions of modern secondhand vessels.