Short Interest in Globus Maritime Limited (NASDAQ:GLBS) Drops By 29.8%

Globus Maritime Limited (NASDAQ:GLBS) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 288,171 shares, a decline of 29.8% from the November 30th total of 410,513 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily volume of 436,600 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 436,600 shares, the short-interest ratio is currently 0.7 days. Approximately 3.4% of the company’s stock are short sold.

Globus Maritime Stock Performance

GLBS traded up $0.04 on Monday, hitting $1.75. 174,729 shares of the company’s stock were exchanged, compared to its average volume of 86,623. The company has a current ratio of 2.34, a quick ratio of 2.22 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average of $1.38 and a two-hundred day moving average of $1.21. Globus Maritime has a twelve month low of $0.99 and a twelve month high of $1.99. The firm has a market cap of $36.02 million, a PE ratio of -7.95 and a beta of 0.50.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Globus Maritime in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $3.00.

Globus Maritime Company Profile

Globus Maritime Ltd. is a dry bulk shipping company incorporated in the Republic of the Marshall Islands in 2007 and headquartered in Athens, Greece. The firm owns and operates a fleet of Capesize dry bulk carriers, each with a carrying capacity of approximately 170,000 to 180,000 deadweight tons (dwt). These vessels transport key commodities such as iron ore, coal and grains under time and voyage charter agreements.

After completing its initial public offering on the NASDAQ in 2014, Globus Maritime has pursued strategic fleet growth through acquisitions of modern secondhand vessels.