Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Short Interest Down 53.3% in December

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 10,761 shares, a decline of 53.3% from the December 15th total of 23,019 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 71,917 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 71,917 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Heidmar Maritime Stock Up 3.3%

HMR traded up $0.03 during midday trading on Wednesday, hitting $0.93. 17,485 shares of the company were exchanged, compared to its average volume of 28,546. The firm’s 50 day moving average price is $1.05 and its 200-day moving average price is $1.29. Heidmar Maritime has a 1-year low of $0.76 and a 1-year high of $10.04. The firm has a market capitalization of $54.31 million and a P/E ratio of 93.00.

Heidmar Maritime (NASDAQ:HMR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Heidmar Maritime in a report on Thursday, November 13th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.00.

Heidmar Maritime Company Profile

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double?hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.