Castellum, Inc. (NYSEAMERICAN:CTM) Sees Significant Increase in Short Interest

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

Castellum Trading Up 2.9 %

Shares of Castellum stock opened at $1.06 on Tuesday. Castellum has a 12 month low of $0.12 and a 12 month high of $2.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $74.14 million, a P/E ratio of -6.24 and a beta of -12.75. The business’s fifty day simple moving average is $1.00.

Insider Activity at Castellum

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

Institutional Investors Weigh In On Castellum

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

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, data analytics, and model based systems engineering services.