Short Interest in Castellum, Inc. (NYSEAMERICAN:CTM) Declines By 11.1%

Castellum, Inc. (NYSEAMERICAN:CTM) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 181,500 shares, a decrease of 11.1% from the September 30th total of 204,200 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 257,000 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Castellum stock. Virtu Financial LLC lifted its position in shares of Castellum, Inc. (NYSEAMERICAN:CTM) by 82.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,288 shares of the company’s stock after acquiring an additional 46,606 shares during the quarter. Virtu Financial LLC owned 0.19% of Castellum worth $27,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Castellum Price Performance

CTM stock remained flat at $0.15 on Thursday. The company had a trading volume of 95,083 shares, compared to its average volume of 517,384. The firm has a market capitalization of $8.42 million, a price-to-earnings ratio of -0.44 and a beta of -3.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. Castellum has a 52-week low of $0.12 and a 52-week high of $0.60.

Castellum (NYSEAMERICAN:CTM) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $11.52 million for the quarter. Castellum had a negative return on equity of 80.72% and a negative net margin of 37.95%.

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.