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

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

Heidmar Maritime Price Performance

Shares of NASDAQ HMR traded up $0.04 during mid-day trading on Friday, reaching $1.41. 32,343 shares of the company traded hands, compared to its average volume of 50,761. Heidmar Maritime has a fifty-two week low of $0.73 and a fifty-two week high of $1.71. The firm has a market cap of $83.18 million, a PE ratio of -5.64 and a beta of -0.46. The stock has a fifty day simple moving average of $1.21 and a 200-day simple moving average of $1.08.

Analyst Ratings Changes

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

Heidmar Maritime Company Profile

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.