Short Interest in Globus Maritime Limited (NASDAQ:GLBS) Decreases By 8.6%

Globus Maritime Limited (NASDAQ:GLBS) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 838,000 shares, a decline of 8.6% from the July 31st total of 917,200 shares. Based on an average trading volume of 42,200 shares, the days-to-cover ratio is presently 19.9 days.

Institutional Investors Weigh In On Globus Maritime

An institutional investor recently bought a new position in Globus Maritime stock. Advisor Resource Council bought a new position in shares of Globus Maritime Limited (NASDAQ:GLBS) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned 0.12% of Globus Maritime as of its most recent SEC filing. Hedge funds and other institutional investors own 31.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Globus Maritime in a report on Friday. They issued a “hold” rating on the stock.

Globus Maritime Price Performance

GLBS traded up $0.01 during midday trading on Monday, hitting $1.53. 4,900 shares of the company traded hands, compared to its average volume of 48,149. The business has a 50 day simple moving average of $1.71 and a two-hundred day simple moving average of $1.97. Globus Maritime has a 52-week low of $0.85 and a 52-week high of $3.15. The company has a market capitalization of $31.58 million, a price-to-earnings ratio of 12.79 and a beta of 0.25. The company has a current ratio of 6.13, a quick ratio of 6.06 and a debt-to-equity ratio of 0.27.

Globus Maritime (NASDAQ:GLBS) last issued its earnings results on Friday, June 7th. The shipping company reported ($0.01) earnings per share for the quarter. The company had revenue of $7.71 million for the quarter. Globus Maritime had a return on equity of 1.37% and a net margin of 7.87%.

About Globus Maritime

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of December 31, 2023, the company's fleet include six and nine vessels with a total carrying capacity of 453,745 deadweight tonnage and 626,257 deadweight tonnage.