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

Key Points

• Short interest for Castellum, Inc. declined by 32.7% in July, indicating a decrease in the number of shares sold short from 2,230,000 to 1,500,000.
• Analysts show a generally positive outlook for Castellum, with a consensus rating of Buy and a price target set at $3.00.
• Institutional investors have been increasing their positions in Castellum, with notable purchases totaling over $1 million in the first and second quarters.

Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,500,000 shares, adecreaseof32.7% from the July 15th total of 2,230,000 shares. Based on an average daily trading volume, of 2,460,000 shares, the short-interest ratio is currently 0.6 days. Currently,2.4% of the shares of the company are short sold. Currently,2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 2,460,000 shares, the short-interest ratio is currently 0.6 days.

Insider Buying and Selling

In other Castellum news, General Counsel Jay O. Wright sold 126,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $1.05, for a total transaction of $132,300.00. Following the completion of the sale, the general counsel directly owned 8,672,673 shares of the company's stock, valued at approximately $9,106,306.65. This represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 29.79% of the company's stock.

Hedge Funds Weigh In On Castellum

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Meridian Wealth Management LLC lifted its holdings in shares of Castellum by 6.2% in the 2nd quarter. Meridian Wealth Management LLC now owns 616,800 shares of the company's stock worth $648,000 after acquiring an additional 36,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Castellum by 43.2% in the 2nd quarter. Geode Capital Management LLC now owns 599,198 shares of the company's stock worth $629,000 after acquiring an additional 180,673 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of 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 acquiring an additional 429,310 shares during the last quarter. Inscription Capital LLC bought a new stake in shares of Castellum in the 1st quarter worth about $265,000. Finally, Savvy Advisors Inc. bought a new stake in shares of Castellum in the 2nd quarter worth about $201,000. 3.39% of the stock is owned by hedge funds and other institutional investors.

Castellum Price Performance

Shares of CTM stock traded down $0.0050 on Monday, hitting $1.0250. 753,720 shares of the stock traded hands, compared to its average volume of 3,698,748. The firm has a market cap of $95.33 million, a price-to-earnings ratio of -12.81 and a beta of -10.00. Castellum has a 52 week low of $0.13 and a 52 week high of $2.83. The firm has a 50 day simple moving average of $1.17 and a two-hundred day simple moving average of $1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.62 and a quick ratio of 3.62.

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.