Globus Maritime Ltd (NASDAQ:GLBS) Short Interest Update

Globus Maritime Ltd (NASDAQ:GLBS) was the target of a significant decline in short interest in November. As of November 29th, there was short interest totalling 226,800 shares, a decline of 22.5% from the November 14th total of 292,800 shares. Based on an average trading volume of 212,400 shares, the short-interest ratio is presently 1.1 days. Currently, 7.6% of the shares of the company are sold short.

An institutional investor recently bought a new position in Globus Maritime stock. Acadian Asset Management LLC acquired a new position in shares of Globus Maritime Ltd (NASDAQ:GLBS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,245 shares of the shipping company’s stock, valued at approximately $28,000. Acadian Asset Management LLC owned 0.38% of Globus Maritime at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.29% of the company’s stock.

Shares of GLBS opened at $1.21 on Friday. Globus Maritime has a twelve month low of $1.13 and a twelve month high of $8.80. The stock’s 50 day moving average is $1.78 and its two-hundred day moving average is $2.18. The company has a quick ratio of 0.55, a current ratio of 0.74 and a debt-to-equity ratio of 0.90.

Globus Maritime (NASDAQ:GLBS) last issued its earnings results on Friday, September 27th. The shipping company reported ($0.74) earnings per share (EPS) for the quarter. The business had revenue of $3.40 million for the quarter. Globus Maritime had a negative return on equity of 11.08% and a negative net margin of 27.95%.

Separately, ValuEngine upgraded shares of Globus Maritime from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd.

About Globus Maritime

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. The company 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, 2017, it owned and operated five vessels with a total carrying capacity of 300.571 deadweight tonnage.

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