Castellum, Inc. (NYSEAMERICAN:CTM) Short Interest Down 32.7% in July

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 recipient of a significant decrease in short interest in 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 volume of 2,460,000 shares, the short-interest ratio is presently 0.6 days. Currently,2.4% of the company's stock are sold short. Currently,2.4% of the company's stock are sold short. Based on an average daily volume of 2,460,000 shares, the short-interest ratio is presently 0.6 days.

Insider Buying and Selling at Castellum

In other news, General Counsel Jay O. Wright sold 225,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $1.08, for a total transaction of $243,000.00. Following the transaction, the general counsel owned 8,798,673 shares in the company, valued at approximately $9,502,566.84. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 29.79% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CTM. Jane Street Group LLC grew 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 valued at $898,000 after acquiring an additional 429,310 shares during the period. Inscription Capital LLC purchased a new stake in shares of Castellum during the 1st quarter valued at approximately $265,000. Savvy Advisors Inc. purchased a new stake in shares of Castellum during the 2nd quarter valued at approximately $201,000. Geode Capital Management LLC lifted its stake in shares of Castellum by 43.2% during the 2nd quarter. Geode Capital Management LLC now owns 599,198 shares of the company's stock valued at $629,000 after buying an additional 180,673 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of Castellum by 107.6% during the 2nd quarter. XTX Topco Ltd now owns 135,796 shares of the company's stock valued at $143,000 after buying an additional 70,377 shares in the last quarter. 3.39% of the stock is owned by institutional investors.

Castellum Stock Performance

Shares of Castellum stock traded down $0.01 on Monday, reaching $1.02. 1,569,810 shares of the company traded hands, compared to its average volume of 2,658,601. Castellum has a 52 week low of $0.13 and a 52 week high of $2.83. The company has a 50 day moving average of $1.17 and a 200 day moving average of $1.06. The firm has a market capitalization of $94.86 million, a PE ratio of -12.75 and a beta of -10.00. 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.