Globus Maritime Limited (NASDAQ:GLBS) Short Interest Update

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

Globus Maritime Price Performance

NASDAQ GLBS remained flat at $1.75 during trading hours on Wednesday. 75,849 shares of the company were exchanged, compared to its average volume of 86,478. The company’s 50 day simple moving average is $1.40 and its two-hundred day simple moving average is $1.21. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.22 and a current ratio of 2.34. Globus Maritime has a 1-year low of $0.99 and a 1-year high of $1.99. The firm has a market capitalization of $36.02 million, a PE ratio of -7.95 and a beta of 0.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Globus Maritime in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.00.

Globus Maritime Company Profile

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.