Short Interest in Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Declines By 32.9%

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 23,019 shares, a drop of 32.9% from the November 30th total of 34,321 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 54,340 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 54,340 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Heidmar Maritime Stock Down 0.7%

NASDAQ:HMR traded down $0.01 during midday trading on Wednesday, reaching $0.83. The stock had a trading volume of 25,972 shares, compared to its average volume of 994,653. The stock has a market cap of $48.47 million and a P/E ratio of 83.00. The firm has a fifty day simple moving average of $1.13 and a two-hundred day simple moving average of $1.34. Heidmar Maritime has a 12-month low of $0.76 and a 12-month high of $10.04.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Heidmar Maritime in a research note on Thursday, November 13th. One 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 company has an average rating of “Hold” and an average price target of $5.00.

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.