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

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

Castellum Stock Down 1.8 %

Shares of NYSEAMERICAN:CTM traded down $0.02 during midday trading on Wednesday, hitting $0.88. 160,999 shares of the stock were exchanged, compared to its average volume of 3,624,901. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11. Castellum has a 52-week low of $0.12 and a 52-week high of $2.83. The business's fifty day simple moving average is $1.02 and its two-hundred day simple moving average is $0.68. The company has a market capitalization of $61.41 million, a PE ratio of -5.17 and a beta of -12.75.

Wall Street Analysts Forecast Growth

CTM has been the topic of several recent research reports. Maxim Group set a $3.00 price objective on shares of Castellum and gave the stock a "buy" rating in a research report on Thursday, April 24th. UBS Group raised 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 other Castellum news, Director Mark C. Fuller sold 275,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $1.49, for a total value of $409,750.00. Following the completion of the sale, the director now directly owns 7,338,659 shares in the company, valued at $10,934,601.91. This represents a 3.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 45.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Castellum

Several large investors have recently added to or reduced their stakes in the company. PKS Advisory Services LLC acquired a new stake in shares of Castellum in the fourth quarter valued at approximately $84,000. Inscription Capital LLC bought a new position in Castellum in the 1st quarter valued at about $265,000. Geode Capital Management LLC lifted 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 worth $599,000 after acquiring an additional 99,714 shares during the period. Jane Street Group LLC boosted its position in shares of 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 acquiring an additional 429,310 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Castellum during the fourth quarter valued at approximately $2,456,000. Institutional investors and hedge funds own 3.39% of the company's stock.

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.