Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Stock Short Interest Climbs 69.4%

Key Points

• Short interest in Heidmar Maritime surged 69.4% to 66,610 shares as of September 15, representing approximately 0.1% of shares outstanding and a low days-to-cover ratio of 0.3.
• Analyst sentiment is bearish: Zacks Research downgraded the stock to “strong sell,” Weiss Ratings maintained a “sell” rating, and the consensus rating is “Reduce” with an average price target of $2.62.
• Heidmar shares recently traded at $1.68, while the company reported quarterly EPS of $0.04—below the $0.10 consensus estimate—on revenue of $29 million.

Heidmar Maritime Holdings Corp. (NASDAQ:HMR - Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 66,610 shares, an increase of 69.4% from the August 31st total of 39,332 shares. Based on an average daily trading volume, of 227,736 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HMR shares. Zacks Research downgraded shares of Heidmar Maritime from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 1st. Weiss Ratings reissued a "sell (e+)" rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $2.62.

Heidmar Maritime Price Performance

Shares of HMR traded up $0.01 during mid-day trading on Wednesday, reaching $1.68. The company's stock had a trading volume of 7,193 shares, compared to its average volume of 128,788. Heidmar Maritime has a 12-month low of $0.73 and a 12-month high of $2.02. The stock has a market cap of $99.04 million, a PE ratio of 83.94 and a beta of -0.34. The company's 50 day moving average is $1.40 and its 200 day moving average is $1.17.

Heidmar Maritime (NASDAQ:HMR - Get Free Report) last posted its earnings results on Tuesday, September 1st. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). The business had revenue of $29.00 million for the quarter. Heidmar Maritime had a return on equity of 23.07% and a net margin of 2.47%. As a group, sell-side analysts anticipate that Heidmar Maritime will post 0.2 EPS for the current fiscal year.

Heidmar Maritime Company Profile

Heidmar Maritime Holdings Corp. NASDAQ: HMR is a maritime transportation and commercial management company focused primarily on the global tanker sector. Through its operating businesses and affiliated tanker pools, the company provides commercial, operational and logistical services for vessel owners and charterers.

Heidmar's activities include vessel commercial management, chartering, voyage planning, freight procurement and pool administration. Its platform has historically served segments such as crude oil, petroleum products and chemical tankers, helping customers coordinate vessel employment and cargo transportation in international markets.

Founded in 1984, Heidmar has developed a global operating presence through relationships with shipowners, charterers and energy companies.

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