Castellum, Inc. (NYSEAMERICAN:CTM) Short Interest Down 20.9% in April

Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 2,080,000 shares, a decline of 20.9% from the March 31st total of 2,630,000 shares. Based on an average daily volume of 4,330,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Castellum Trading Down 3.8 %

Shares of NYSEAMERICAN:CTM traded down $0.04 on Monday, reaching $0.93. 779,454 shares of the company traded hands, compared to its average volume of 3,634,430. Castellum has a 52 week low of $0.12 and a 52 week high of $2.83. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. The business's 50-day simple moving average is $1.02 and its 200 day simple moving average is $0.68. The stock has a market capitalization of $64.94 million, a P/E ratio of -5.46 and a beta of -12.75.

Insider Activity

In other Castellum news, Director Mark C. Fuller sold 275,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $1.49, for a total value of $409,750.00. Following the sale, the director now owns 7,338,659 shares of the company's stock, valued at $10,934,601.91. This trade represents a 3.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 45.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On Castellum

A number of large investors have recently bought and sold shares of CTM. PKS Advisory Services LLC bought a new stake in shares of Castellum in the 4th quarter worth approximately $84,000. Geode Capital Management LLC boosted its holdings in Castellum by 49.9% in the fourth quarter. Geode Capital Management LLC now owns 299,643 shares of the company's stock valued at $599,000 after acquiring an additional 99,714 shares in the last quarter. Inscription Capital LLC purchased a new position in Castellum during the 1st quarter valued at $265,000. Jane Street Group LLC raised its holdings in Castellum by 2,180.2% in the 4th quarter. Jane Street Group LLC now owns 449,001 shares of the company's stock worth $898,000 after purchasing an additional 429,310 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Castellum in the 4th quarter worth about $2,456,000. 3.39% of the stock is owned by hedge funds and other institutional investors.

About Castellum

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.