Castellum, Inc. (NYSEAMERICAN:CTM) Sees Large Growth in Short Interest

Castellum, Inc. (NYSEAMERICAN:CTM) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 105,500 shares, an increase of 25.4% from the March 31st total of 84,100 shares. Based on an average daily volume of 169,300 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Trading of Castellum

A hedge fund recently raised its stake in Castellum stock. Meridian Wealth Management LLC grew its position in shares of Castellum, Inc. (NYSEAMERICAN:CTM) by 44.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,000 shares of the company’s stock after buying an additional 69,000 shares during the quarter. Meridian Wealth Management LLC owned approximately 0.47% of Castellum worth $52,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Castellum Price Performance

CTM remained flat at $0.27 during trading on Tuesday. 90,370 shares of the company traded hands, compared to its average volume of 173,317. The company has a market cap of $14.32 million, a P/E ratio of -0.73 and a beta of -3.59. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. Castellum has a 12-month low of $0.18 and a 12-month high of $1.03.

Castellum (NYSEAMERICAN:CTM) last posted its quarterly earnings data on Thursday, March 21st. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $11.09 million for the quarter. Castellum had a negative return on equity of 60.73% and a negative net margin of 39.34%.

About Castellum

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.