Castellum, Inc. (NYSEAMERICAN:CTM) Short Interest Up 317.4% in July

Key Points

• Short Interest Surge: Castellum, Inc. experienced a significant increase in short interest of 317.4% in July, with a total of 2,230,000 shares short sold as of July 15th.
• Stock Performance: The company’s stock declined by 5.9%, trading at $1.12, amid an average trading volume of 2,774,820 shares.
• Insider Transactions: Key insiders, including Director Mark C. Fuller and General Counsel Jay O. Wright, sold considerable amounts of stock, reflecting a decrease in their ownership stakes.

Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,230,000 shares, anincreaseof317.4% from the June 30th total of 534,200 shares. Currently,3.6% of the shares of the stock are short sold. Based on an average daily volume of 2,130,000 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 2,130,000 shares, the days-to-cover ratio is currently 1.0 days. Currently,3.6% of the shares of the stock are short sold.

Castellum Stock Down 5.9%

Shares of NYSEAMERICAN:CTM traded down $0.07 during trading on Friday, reaching $1.12. The stock had a trading volume of 2,774,820 shares, compared to its average volume of 3,291,649. Castellum has a one year low of $0.12 and a one year high of $2.83. The company has a market capitalization of $96.36 million, a P/E ratio of -10.18 and a beta of -9.99. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.25. The firm's 50-day simple moving average is $1.17 and its 200 day simple moving average is $1.05.

Insider Buying and Selling

In other Castellum news, Director Mark C. Fuller sold 500,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $1.05, for a total value of $525,000.00. Following the completion of the transaction, the director directly owned 6,613,659 shares in the company, valued at $6,944,341.95. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Jay O. Wright sold 259,400 shares of the company'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 transaction of $277,558.00. Following the completion of the transaction, the general counsel owned 9,023,673 shares of the company's stock, valued at approximately $9,655,330.11. The trade was a 2.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 29.79% of the company's stock.

Hedge Funds Weigh In On Castellum

A number of institutional investors have recently bought and sold shares of CTM. Jane Street Group LLC raised its position in Castellum by 2,180.2% during the 4th quarter. Jane Street Group LLC now owns 449,001 shares of the company's stock worth $898,000 after buying an additional 429,310 shares during the last quarter. Inscription Capital LLC purchased a new position in shares of Castellum during the 1st quarter valued at approximately $265,000. Geode Capital Management LLC increased its holdings in shares of Castellum by 49.9% during the 4th quarter. Geode Capital Management LLC now owns 299,643 shares of the company's stock valued at $599,000 after purchasing an additional 99,714 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Castellum during the 1st quarter valued at approximately $72,000. Finally, XTX Topco Ltd purchased a new position in shares of Castellum during the 1st quarter valued at approximately $69,000. 3.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group raised shares of Castellum from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. Maxim Group set a $3.00 price target on shares of Castellum and gave the company a "buy" rating in a research note on Thursday, April 24th.

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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