Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Short Interest Down 53.3% in December

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 10,761 shares, a drop of 53.3% from the December 15th total of 23,019 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 71,917 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 71,917 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Heidmar Maritime in a report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.00.

Heidmar Maritime Stock Up 3.3%

Shares of HMR stock traded up $0.03 on Wednesday, reaching $0.93. The company had a trading volume of 17,485 shares, compared to its average volume of 28,546. The business’s 50-day moving average is $1.05 and its 200 day moving average is $1.29. Heidmar Maritime has a one year low of $0.76 and a one year high of $10.04. The stock has a market capitalization of $54.31 million and a PE ratio of 93.00.

Heidmar Maritime (NASDAQ:HMR) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03.

About Heidmar Maritime

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.