Castellum, Inc. (NYSEAMERICAN:CTM) Short Interest Up 54.3% in March

Castellum, Inc. (NYSEAMERICAN:CTM) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,840,000 shares, a growth of 54.3% from the February 28th total of 1,840,000 shares. Based on an average daily volume of 9,930,000 shares, the short-interest ratio is currently 0.3 days. Currently, 5.0% of the shares of the company are sold short.

Insider Activity

In other news, Director Mark C. Fuller sold 275,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $1.49, for a total value of $409,750.00. Following the sale, the director now directly owns 7,338,659 shares of the company’s stock, valued at $10,934,601.91. This represents a 3.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 45.55% of the company’s stock.

Institutional Trading of Castellum

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in Castellum in the 4th quarter worth $2,456,000. PKS Advisory Services LLC purchased a new position in shares of Castellum in the fourth quarter valued at approximately $84,000. Jane Street Group LLC increased its position in shares of Castellum by 2,180.2% during the fourth quarter. Jane Street Group LLC now owns 449,001 shares of the company’s stock worth $898,000 after purchasing an additional 429,310 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Castellum by 49.9% in the 4th quarter. Geode Capital Management LLC now owns 299,643 shares of the company’s stock valued at $599,000 after purchasing an additional 99,714 shares in the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Castellum Price Performance

CTM stock traded down $0.03 during trading on Friday, hitting $1.03. 2,387,037 shares of the company traded hands, compared to its average volume of 3,540,567. Castellum has a 1 year low of $0.12 and a 1 year high of $2.83. The firm has a market capitalization of $72.04 million, a P/E ratio of -6.06 and a beta of -12.75. The stock’s 50-day moving average is $1.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63.

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.