Globus Maritime Limited (NASDAQ:GLBS) Short Interest Update

Globus Maritime Limited (NASDAQ:GLBS) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 1,100,000 shares, an increase of 10.5% from the May 15th total of 995,200 shares. Based on an average trading volume of 51,400 shares, the days-to-cover ratio is presently 21.4 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Globus Maritime in a research report on Wednesday. They set a “hold” rating for the company.

Globus Maritime Trading Up 1.0 %

NASDAQ:GLBS opened at $1.98 on Wednesday. Globus Maritime has a 1 year low of $0.68 and a 1 year high of $3.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 6.06 and a current ratio of 6.13. The stock has a market cap of $40.75 million, a P/E ratio of 16.50 and a beta of 0.23. The stock has a 50-day simple moving average of $2.06 and a 200-day simple moving average of $2.26.

Institutional Trading of Globus Maritime

An institutional investor recently bought a new position in Globus Maritime stock. Advisor Resource Council bought a new stake in Globus Maritime Limited (NASDAQ:GLBS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned about 0.12% of Globus Maritime as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 31.60% of the company’s stock.

Globus Maritime Company Profile

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.