Castellum, Inc. (NYSEAMERICAN:CTM) Short Interest Update

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 large increase in short interest during 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. Based on an average daily trading volume, of 2,130,000 shares, the days-to-cover ratio is presently 1.0 days. Currently,3.6% of the company's stock are short sold. Currently,3.6% of the company's stock are short sold. Based on an average daily trading volume, of 2,130,000 shares, the days-to-cover ratio is presently 1.0 days.

Castellum Trading Up 2.9%

Shares of CTM stock traded up $0.04 on Thursday, hitting $1.24. 1,543,746 shares of the stock traded hands, compared to its average volume of 3,766,379. Castellum has a twelve month low of $0.13 and a twelve month high of $2.83. The firm's 50-day moving average price is $1.18 and its two-hundred day moving average price is $1.07. The stock has a market capitalization of $106.26 million, a PE ratio of -11.23 and a beta of -10.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.92 and a current ratio of 2.92.

Analyst Upgrades and Downgrades

CTM has been the subject of a number of recent analyst reports. Maxim Group set a $3.00 price target on Castellum and gave the company a "buy" rating in a research report on Thursday, April 24th. UBS Group upgraded shares of Castellum from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 23rd.

Insider Buying and Selling

In related news, General Counsel Jay O. Wright sold 259,400 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $1.07, for a total transaction of $277,558.00. Following the transaction, the general counsel directly owned 9,023,673 shares of the company's stock, valued at approximately $9,655,330.11. This trade represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark C. Fuller sold 500,000 shares of the firm's stock in a transaction 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 sale, the director directly owned 6,613,659 shares in the company, valued at approximately $6,944,341.95. This represents a 7.03% decrease in their position. The disclosure for this sale can be found here. 29.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Castellum

Several hedge funds have recently modified their holdings of CTM. XTX Topco Ltd acquired a new stake in Castellum during the 1st quarter valued at approximately $69,000. Cubist Systematic Strategies LLC bought a new stake in Castellum during the first quarter worth approximately $72,000. Savvy Advisors Inc. acquired a new position in Castellum during the second quarter valued at $201,000. Inscription Capital LLC acquired a new position in Castellum in the first quarter worth approximately $265,000. Finally, Geode Capital Management LLC grew its stake in Castellum by 49.9% in the 4th quarter. Geode Capital Management LLC now owns 299,643 shares of the company's stock valued at $599,000 after buying an additional 99,714 shares during the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

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.