Short Interest in Castellum, Inc. (NYSEAMERICAN:CTM) Declines By 20.9%

Castellum, Inc. (NYSEAMERICAN:CTM) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 2,080,000 shares, a decrease of 20.9% from the March 31st total of 2,630,000 shares. Based on an average daily volume of 4,330,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 3.7% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of brokerages recently issued reports on CTM. UBS Group raised Castellum from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 23rd. Maxim Group set a $3.00 price target on shares of Castellum and gave the stock a “buy” rating in a report on Thursday, April 24th.

Castellum Price Performance

Shares of CTM opened at $0.97 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. The company’s fifty day moving average price is $1.02 and its 200-day moving average price is $0.68. Castellum has a 1-year low of $0.12 and a 1-year high of $2.83. The firm has a market capitalization of $67.51 million, a PE ratio of -5.68 and a beta of -12.75.

Insiders Place Their Bets

In other Castellum news, Director Mark C. Fuller sold 275,000 shares of Castellum stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $1.49, for a total value of $409,750.00. Following the completion of the transaction, the director now directly owns 7,338,659 shares of the company’s stock, valued at $10,934,601.91. This trade represents a 3.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 45.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Castellum

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new stake in shares of Castellum in the fourth quarter valued at approximately $2,456,000. Geode Capital Management LLC raised its position in Castellum by 49.9% during the fourth quarter. Geode Capital Management LLC now owns 299,643 shares of the company’s stock worth $599,000 after acquiring an additional 99,714 shares during the period. PKS Advisory Services LLC purchased a new position in Castellum during the fourth quarter valued at $84,000. Inscription Capital LLC acquired a new stake in shares of Castellum in the first quarter valued at about $265,000. Finally, Jane Street Group LLC increased its stake in shares of Castellum by 2,180.2% during the fourth quarter. Jane Street Group LLC now owns 449,001 shares of the company’s stock worth $898,000 after purchasing an additional 429,310 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

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.