Short Interest in Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Drops By 53.3%

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 10,761 shares, a drop of 53.3% from the December 15th total of 23,019 shares. Currently, 0.0% of the shares of the stock 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 shares of the stock are sold short.

Heidmar Maritime Trading Up 1.1%

HMR traded up $0.01 on Thursday, hitting $0.91. 35,241 shares of the company’s stock were exchanged, compared to its average volume of 49,741. Heidmar Maritime has a fifty-two week low of $0.76 and a fifty-two week high of $10.04. The stock has a market cap of $53.14 million and a price-to-earnings ratio of 90.99. The firm has a 50-day moving average price of $1.03 and a 200-day moving average price of $1.29.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Heidmar Maritime in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Heidmar Maritime presently has a consensus 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.