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

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 23,019 shares, a decline of 32.9% from the November 30th total of 34,321 shares. Based on an average daily volume of 54,340 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 54,340 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.00.

Heidmar Maritime Stock Up 8.8%

Shares of HMR traded up $0.07 during midday trading on Tuesday, reaching $0.84. 104,741 shares of the stock were exchanged, compared to its average volume of 58,442. The stock’s 50 day simple moving average is $1.13 and its 200 day simple moving average is $1.34. Heidmar Maritime has a twelve month low of $0.76 and a twelve month high of $10.04. The company has a market cap of $48.81 million and a P/E ratio of 83.58.

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

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.