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

Heidmar Maritime Holdings Corp. (NASDAQ:HMR – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 53,874 shares, a decrease of 55.6% from the July 30th total of 121,411 shares. Based on an average daily trading volume, of 50,043 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the company’s stock are sold short.

Analyst Ratings Changes

Several brokerages have recently commented on HMR. Weiss Ratings reiterated a “sell (e+)” rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. Maxim Group set a $2.25 target price on shares of Heidmar Maritime in a research note on Thursday, May 28th. Finally, Zacks Research raised shares of Heidmar Maritime from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Heidmar Maritime has a consensus rating of “Hold” and an average target price of $2.62.

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Heidmar Maritime Stock Performance

Shares of Heidmar Maritime stock traded up $0.04 on Friday, reaching $1.41. 32,343 shares of the company were exchanged, compared to its average volume of 50,761. The company’s 50-day moving average is $1.21 and its two-hundred day moving average is $1.08. The firm has a market cap of $83.18 million, a price-to-earnings ratio of -5.64 and a beta of -0.46. Heidmar Maritime has a 1-year low of $0.73 and a 1-year high of $1.71.

About Heidmar Maritime

(Get Free Report)

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.

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