Short Interest in Globus Maritime Limited (NASDAQ:GLBS) Decreases By 8.6%

Globus Maritime Limited (NASDAQ:GLBS) saw a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 838,000 shares, a decrease of 8.6% from the July 31st total of 917,200 shares. Based on an average daily volume of 42,200 shares, the days-to-cover ratio is presently 19.9 days.

Globus Maritime Stock Performance

Shares of NASDAQ:GLBS traded up $0.02 during trading on Tuesday, hitting $1.55. 23,277 shares of the company traded hands, compared to its average volume of 48,002. The stock has a market capitalization of $31.90 million, a price-to-earnings ratio of 12.75 and a beta of 0.25. The business’s fifty day moving average is $1.71 and its 200-day moving average is $1.97. Globus Maritime has a one year low of $0.85 and a one year high of $3.15. The company has a quick ratio of 6.06, a current ratio of 6.13 and a debt-to-equity ratio of 0.27.

Globus Maritime (NASDAQ:GLBS) last issued its quarterly earnings data on Friday, June 7th. The shipping company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $7.71 million for the quarter. Globus Maritime had a return on equity of 1.37% and a net margin of 7.87%.

Hedge Funds Weigh In On Globus Maritime

A hedge fund recently bought a new stake in Globus Maritime stock. Advisor Resource Council acquired a new position in shares of Globus Maritime Limited (NASDAQ:GLBS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned 0.12% of Globus Maritime at the end of the most recent quarter. Hedge funds and other institutional investors own 31.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Globus Maritime in a report on Friday. They set a “hold” rating for the company.

About Globus Maritime

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of December 31, 2023, the company's fleet include six and nine vessels with a total carrying capacity of 453,745 deadweight tonnage and 626,257 deadweight tonnage.