Short Interest in Globus Maritime Limited (NASDAQ:GLBS) Declines By 6.8%

Globus Maritime Limited (NASDAQ:GLBS) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,090,000 shares, a decline of 6.8% from the March 31st total of 1,170,000 shares. Based on an average trading volume of 54,000 shares, the short-interest ratio is presently 20.2 days.

Institutional Trading of Globus Maritime

A hedge fund recently bought a new stake in Globus Maritime stock. Advisor Resource Council acquired a new stake in shares of Globus Maritime Limited (NASDAQ:GLBS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned 0.12% of Globus Maritime as of its most recent SEC filing. 31.60% of the stock is owned by institutional investors.

Globus Maritime Price Performance

Globus Maritime stock traded down $0.01 during midday trading on Wednesday, reaching $1.88. 39,679 shares of the company were exchanged, compared to its average volume of 55,595. The firm’s 50-day simple moving average is $2.14 and its 200-day simple moving average is $2.19. Globus Maritime has a 1 year low of $0.68 and a 1 year high of $3.15. The company has a market capitalization of $38.69 million, a price-to-earnings ratio of 7.27 and a beta of 0.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 8.21 and a current ratio of 8.35.

Globus Maritime (NASDAQ:GLBS) last issued its quarterly earnings results on Friday, March 15th. The shipping company reported $0.02 EPS for the quarter. The business had revenue of $7.11 million during the quarter. Globus Maritime had a net margin of 16.90% and a return on equity of 3.03%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Globus Maritime from a “sell” rating to a “hold” rating in a research note on Friday, January 12th.

Globus Maritime Company Profile

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of December 31, 2023, the company's fleet include six and nine vessels with a total carrying capacity of 453,745 deadweight tonnage and 626,257 deadweight tonnage.