Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Stock Short Interest Report for September

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) was the target of a significant decline in short interest in 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. Approximately 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 presently 0.2 days.

Analyst Ratings Changes

Several research firms recently weighed in on HMR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. Zacks Research raised shares of Heidmar Maritime from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Heidmar Maritime presently has a consensus rating of “Hold” and a consensus price target of $2.62.

Heidmar Maritime Trading Down 1.9%

NASDAQ HMR traded down $0.04 on Monday, hitting $1.80. 307,365 shares of the company’s stock were exchanged, compared to its average volume of 129,357. The stock has a 50-day moving average of $1.49 and a 200-day moving average of $1.22. Heidmar Maritime has a 52 week low of $0.73 and a 52 week high of $2.02. The stock 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) last issued its 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 net margin of 2.47% and a return on equity of 21.68%. The business had revenue of $29.00 million during the quarter. As a group, analysts predict that Heidmar Maritime will post 0.20 earnings per share for the current year.

Heidmar Maritime Company Profile

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.