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

Castellum, Inc. (NYSEAMERICAN:CTM) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 140,400 shares, an increase of 354.4% from the August 15th total of 30,900 shares. Based on an average daily volume of 446,300 shares, the short-interest ratio is presently 0.3 days. Approximately 2.5% of the shares of the stock are short sold.

Castellum Stock Performance

CTM opened at $0.36 on Friday. Castellum has a one year low of $0.30 and a one year high of $1.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.24 and a quick ratio of 1.24.

Castellum (NYSEAMERICAN:CTM) last released its quarterly earnings data on Monday, August 14th. The company reported ($0.04) EPS for the quarter. The business had revenue of $12.48 million during the quarter. Castellum had a negative net margin of 34.91% and a negative return on equity of 76.19%.

Institutional Trading of Castellum

A number of large investors have recently modified their holdings of CTM. Magnus Financial Group LLC purchased a new stake in shares of Castellum during the second quarter worth $125,000. Geode Capital Management LLC acquired a new position in shares of Castellum during the fourth quarter worth $284,000. Meridian Wealth Management LLC acquired a new position in shares of Castellum during the fourth quarter worth $150,000. BlackRock Inc. acquired a new position in shares of Castellum during the second quarter worth $25,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Castellum during the first quarter worth $43,000. Hedge funds and other institutional investors own 2.35% of the company’s stock.

Castellum Company Profile

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, and data analytics services.