Globus Maritime Limited (NASDAQ:GLBS) Short Interest Down 29.8% in December

Globus Maritime Limited (NASDAQ:GLBS) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 288,171 shares, a decrease of 29.8% from the November 30th total of 410,513 shares. Based on an average daily volume of 436,600 shares, the days-to-cover ratio is presently 0.7 days. Approximately 3.4% of the company’s shares are short sold. Approximately 3.4% of the company’s shares are short sold. Based on an average daily volume of 436,600 shares, the days-to-cover ratio is presently 0.7 days.

Globus Maritime Price Performance

NASDAQ GLBS remained flat at $1.75 during trading hours on Tuesday. The company had a trading volume of 60,811 shares, compared to its average volume of 289,233. The firm has a fifty day moving average price of $1.40 and a 200-day moving average price of $1.21. Globus Maritime has a 12 month low of $0.99 and a 12 month high of $1.99. The stock has a market capitalization of $36.02 million, a price-to-earnings ratio of -7.95 and a beta of 0.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.34 and a quick ratio of 2.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Globus Maritime in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.00.

Globus Maritime Company Profile

Globus Maritime Ltd. is a dry bulk shipping company incorporated in the Republic of the Marshall Islands in 2007 and headquartered in Athens, Greece. The firm owns and operates a fleet of Capesize dry bulk carriers, each with a carrying capacity of approximately 170,000 to 180,000 deadweight tons (dwt). These vessels transport key commodities such as iron ore, coal and grains under time and voyage charter agreements.

After completing its initial public offering on the NASDAQ in 2014, Globus Maritime has pursued strategic fleet growth through acquisitions of modern secondhand vessels.