Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Stock Short Interest Climbs 69.4%

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 66,610 shares, a growth of 69.4% from the August 31st total of 39,332 shares. Based on an average daily volume of 227,736 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HMR. Zacks Research cut Heidmar Maritime from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $2.62.

Heidmar Maritime Trading Up 0.5%

Shares of HMR traded up $0.01 during mid-day trading on Wednesday, hitting $1.68. 7,193 shares of the company’s stock were exchanged, compared to its average volume of 128,788. Heidmar Maritime has a fifty-two week low of $0.73 and a fifty-two week high of $2.02. The firm has a market capitalization of $99.04 million, a P/E ratio of 83.94 and a beta of -0.34. The business’s 50 day moving average is $1.40 and its two-hundred day moving average is $1.17.

Heidmar Maritime (NASDAQ:HMR) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). The company had revenue of $29.00 million during the quarter. Heidmar Maritime had a net margin of 2.47% and a return on equity of 23.07%. On average, equities research analysts forecast that Heidmar Maritime will post 0.2 earnings per share for the current year.

About Heidmar Maritime

Heidmar Maritime Holdings Corp. (NASDAQ: HMR) is a maritime transportation and commercial management company focused primarily on the global tanker sector. Through its operating businesses and affiliated tanker pools, the company provides commercial, operational and logistical services for vessel owners and charterers.

Heidmar’s activities include vessel commercial management, chartering, voyage planning, freight procurement and pool administration. Its platform has historically served segments such as crude oil, petroleum products and chemical tankers, helping customers coordinate vessel employment and cargo transportation in international markets.

Founded in 1984, Heidmar has developed a global operating presence through relationships with shipowners, charterers and energy companies.