Short Interest in Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Increases By 143.0%

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 119,929 shares, a growth of 143.0% from the February 26th total of 49,360 shares. Based on an average trading volume of 276,382 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Heidmar Maritime Stock Performance

Heidmar Maritime stock traded up $0.02 during mid-day trading on Friday, hitting $0.83. 43,934 shares of the company were exchanged, compared to its average volume of 173,704. The business has a fifty day moving average of $0.93 and a 200 day moving average of $1.07. Heidmar Maritime has a 1-year low of $0.76 and a 1-year high of $3.55.

Heidmar Maritime (NASDAQ:HMR) last issued its earnings results on Tuesday, March 24th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.12). Heidmar Maritime had a negative net margin of 40.20% and a negative return on equity of 19.19%. The firm had revenue of $25.08 million during the quarter, compared to analyst estimates of $16.27 million.

Analyst Ratings Changes

Several equities analysts recently weighed in on HMR shares. B. Riley Financial cut their price objective on Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Research lowered Heidmar Maritime from a “hold” rating to a “strong sell” rating in a report on Wednesday. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $3.00.

About Heidmar Maritime

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.