Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Stock Short Interest Declines 68.0%

Heidmar Maritime Holdings Corp. (NASDAQ:HMR – Get Free Report) saw 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 132,876 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

HMR has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Heidmar Maritime in a research note on Thursday, August 13th. Zacks Research upgraded Heidmar Maritime from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 30th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Heidmar Maritime has an average rating of “Hold” and a consensus target price of $2.62.

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Heidmar Maritime Price Performance

NASDAQ HMR traded down $0.04 on Monday, reaching $1.80. The company had a trading volume of 307,365 shares, compared to its average volume of 129,357. The business has a 50 day moving average of $1.49 and a two-hundred day moving average of $1.22. Heidmar Maritime has a fifty-two week low of $0.73 and a fifty-two week high of $2.02. The firm has a market cap of $106.18 million, a price-to-earnings ratio of 90.05 and a beta of -0.49.

Heidmar Maritime (NASDAQ:HMR – Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Heidmar Maritime had a return on equity of 21.68% and a net margin of 2.47%. The firm had revenue of $29.00 million for the quarter. As a group, research analysts predict that Heidmar Maritime will post 0.20 earnings per share for the current fiscal year.

About Heidmar Maritime

(Get Free Report)

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.

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