Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Short Interest Up 143.0% in March

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 119,929 shares, a growth of 143.0% from the February 26th total of 49,360 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 276,382 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, B. Riley Financial decreased their price target on shares of Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday. One equities research 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 currently has an average rating of “Hold” and an average target price of $3.00.

Heidmar Maritime Trading Down 4.5%

Shares of NASDAQ:HMR opened at $0.82 on Thursday. The firm has a market cap of $47.71 million and a price-to-earnings ratio of -2.09. Heidmar Maritime has a 1 year low of $0.76 and a 1 year high of $3.78. The business has a fifty day simple moving average of $0.93 and a 200 day simple moving average of $1.08.

Heidmar Maritime (NASDAQ:HMR) last issued its earnings results on Tuesday, March 24th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). Heidmar Maritime had a negative net margin of 40.20% and a negative return on equity of 19.19%. The firm had revenue of $25.08 million during the quarter, compared to analysts’ expectations of $16.27 million.

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.