Short Interest in Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Declines By 55.6%

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 53,874 shares, a decrease of 55.6% from the July 30th total of 121,411 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 50,043 shares, the days-to-cover ratio is currently 1.1 days.

Analyst Ratings Changes

Several brokerages have commented on HMR. Zacks Research raised shares of Heidmar Maritime from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Maxim Group set a $2.25 target price on shares of Heidmar Maritime in a research report on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Heidmar Maritime in a report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.62.

Heidmar Maritime Price Performance

Shares of HMR traded up $0.04 during trading hours on Friday, hitting $1.41. The company’s stock had a trading volume of 32,343 shares, compared to its average volume of 50,761. The business has a 50 day simple moving average of $1.21 and a two-hundred day simple moving average of $1.08. Heidmar Maritime has a 52-week low of $0.73 and a 52-week high of $1.71. The company has a market cap of $83.18 million, a price-to-earnings ratio of -5.64 and a beta of -0.46.

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.