Castellum, Inc. (NYSEAMERICAN:CTM) Short Interest Down 55.7% in May

Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 647,500 shares, a drop of 55.7% from the May 15th total of 1,460,000 shares. Based on an average daily trading volume, of 2,060,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.1% of the company's stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Maxim Group set a $3.00 price target on Castellum and gave the company a "buy" rating in a research note on Thursday, April 24th. UBS Group upgraded Castellum from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 23rd.

Castellum Stock Performance

CTM traded down $0.03 during trading on Friday, hitting $1.17. The stock had a trading volume of 1,596,605 shares, compared to its average volume of 3,836,659. The firm has a market cap of $81.83 million, a price-to-earnings ratio of -6.88 and a beta of -12.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50 day moving average price of $1.02 and a 200-day moving average price of $0.77. Castellum has a one year low of $0.12 and a one year high of $2.83.

Insider Buying and Selling

In other Castellum news, Director Mark C. Fuller sold 500,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $1.05, for a total transaction of $525,000.00. Following the transaction, the director now owns 6,613,659 shares of the company's stock, valued at $6,944,341.95. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Jay O. Wright sold 259,400 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $1.07, for a total value of $277,558.00. Following the transaction, the general counsel now directly owns 9,023,673 shares in the company, valued at approximately $9,655,330.11. This trade represents a 2.79% decrease in their position. The disclosure for this sale can be found here. 45.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Castellum

Several institutional investors and hedge funds have recently bought and sold shares of CTM. 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. PKS Advisory Services LLC bought a new stake in Castellum during the fourth quarter worth about $84,000. Inscription Capital LLC bought a new stake in Castellum during the first quarter worth about $265,000. Finally, Geode Capital Management LLC lifted its position in Castellum by 49.9% during the fourth quarter. Geode Capital Management LLC now owns 299,643 shares of the company's stock worth $599,000 after purchasing an additional 99,714 shares during the period. Institutional investors 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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