Short Interest in Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Declines By 55.6%

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 53,874 shares, a decline of 55.6% from the July 30th total of 121,411 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 50,043 shares, the days-to-cover ratio is currently 1.1 days.

Heidmar Maritime Stock Up 2.8%

Shares of HMR traded up $0.04 during trading hours on Monday, reaching $1.45. The stock had a trading volume of 38,172 shares, compared to its average volume of 122,127. Heidmar Maritime has a 52 week low of $0.73 and a 52 week high of $1.71. The company has a market cap of $85.54 million, a P/E ratio of -5.80 and a beta of -0.46. The firm has a 50-day moving average of $1.21 and a 200 day moving average of $1.08.

Analysts Set New Price Targets

HMR has been the topic of a number of research reports. Zacks Research upgraded Heidmar Maritime from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Heidmar Maritime in a research note on Thursday, August 13th. Finally, Maxim Group set a $2.25 target price on Heidmar Maritime in a report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Heidmar Maritime has an average rating of “Hold” and a consensus price target of $2.62.

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.