Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Short Interest Update

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 10,761 shares, a decrease of 53.3% from the December 15th total of 23,019 shares. Based on an average daily trading volume, of 71,917 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 71,917 shares, the short-interest ratio is currently 0.1 days.

Heidmar Maritime Price Performance

Shares of HMR stock traded down $0.04 on Friday, hitting $0.87. 40,154 shares of the stock traded hands, compared to its average volume of 48,183. The firm has a market cap of $50.81 million and a price-to-earnings ratio of 87.01. The firm has a 50 day simple moving average of $1.02 and a two-hundred day simple moving average of $1.28. Heidmar Maritime has a 52 week low of $0.76 and a 52 week high of $10.04.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Heidmar Maritime in a research note on Thursday, November 13th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.