Castellum, Inc. (NYSEAMERICAN:CTM) Sees Significant Growth in Short Interest

Key Points

• Castellum, Inc. experienced a remarkable 83.0% increase in short interest in September, rising to 3,130,000 shares, making up approximately 4.8% of the total shares.
• The stock has seen significant fluctuation, with a 12-month low of $0.13 and a high of $2.83, and is currently trading around $0.98.
• Recent insider transactions include General Counsel Jay O. Wright selling 225,000 shares for $243,000, reflecting a 2.49% decrease in his position, and a total of 897,473 shares sold by insiders in the past 90 days.

Castellum, Inc. (NYSEAMERICAN:CTM - ) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,130,000 shares, an increase of 83.0% from the September 15th total of 1,710,000 shares. Approximately 4.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,720,000 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 2,720,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 4.8% of the shares of the stock are short sold.

Castellum Stock Performance

CTM traded down $0.02 during trading on Tuesday, hitting $0.98. The stock had a trading volume of 1,394,481 shares, compared to its average volume of 2,529,494. Castellum has a 12 month low of $0.13 and a 12 month high of $2.83. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.13. The firm has a market cap of $91.29 million, a PE ratio of -12.27 and a beta of -10.01. The company has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $1.09.

Insider Activity at Castellum

In related news, General Counsel Jay O. Wright sold 225,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $1.08, for a total value of $243,000.00. Following the completion of the transaction, the general counsel owned 8,798,673 shares of the company's stock, valued at approximately $9,502,566.84. This trade represents a 2.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark C. Fuller sold 500,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $1.12, for a total transaction of $560,000.00. Following the completion of the transaction, the insider directly owned 6,113,659 shares of the company's stock, valued at $6,847,298.08. This represents a 7.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 897,473 shares of company stock worth $985,491. 29.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new stake in Castellum during the first quarter worth about $69,000. Cubist Systematic Strategies LLC bought a new stake in Castellum during the first quarter worth about $72,000. Savvy Advisors Inc. bought a new stake in Castellum during the second quarter worth about $201,000. Jane Street Group LLC bought a new stake in Castellum during the second quarter worth about $204,000. Finally, Geode Capital Management LLC grew its stake in Castellum by 43.2% during the second quarter. Geode Capital Management LLC now owns 599,198 shares of the company's stock worth $629,000 after buying an additional 180,673 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company's stock.

Castellum Company Profile

Castellum, Inc provides services in the areas of cybersecurity, information technology, electronic and information warfare, and information operations. Its services include intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity and policy support, data analytics, and model based systems engineering services.

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