Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Sees Significant Decline in Short Interest

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

Wall Street Analyst Weigh In

Several analysts recently commented on HMR shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. Zacks Research raised shares of Heidmar Maritime from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 30th. One 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.62.

Heidmar Maritime Price Performance

Shares of HMR stock traded down $0.09 during midday trading on Wednesday, hitting $1.82. The company had a trading volume of 108,728 shares, compared to its average volume of 129,649. The company’s 50 day simple moving average is $1.52 and its 200 day simple moving average is $1.24. Heidmar Maritime has a 52-week low of $0.73 and a 52-week high of $2.02. The stock has a market cap of $107.66 million, a price-to-earnings ratio of 91.30 and a beta of -0.49.

Heidmar Maritime (NASDAQ:HMR) last released its quarterly earnings results on Tuesday, September 1st. The company reported $0.04 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 company had revenue of $29.00 million for the quarter. Analysts anticipate that Heidmar Maritime will post 0.20 EPS for the current year.

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.