Short Interest in Castellum, Inc. (NYSEAMERICAN:CTM) Rises By 45.0%

Castellum, Inc. (NYSEAMERICAN:CTM) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 490,400 shares, a growth of 45.0% from the August 15th total of 338,100 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is currently 0.4 days. Approximately 1.8% of the company’s shares are short sold.

Castellum Price Performance

Shares of CTM remained flat at $0.17 during trading on Friday. 236,002 shares of the company’s stock were exchanged, compared to its average volume of 593,163. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. Castellum has a 1-year low of $0.12 and a 1-year high of $0.60. The firm has a market capitalization of $9.68 million, a PE ratio of -0.49 and a beta of -3.33.

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

Institutional Trading of Castellum

An institutional investor recently raised its position in Castellum stock. Meridian Wealth Management LLC boosted its position in shares of Castellum, Inc. (NYSEAMERICAN:CTM) by 123.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 503,500 shares of the company’s stock after acquiring an additional 278,500 shares during the period. Meridian Wealth Management LLC owned about 1.06% of Castellum worth $150,000 as of its most recent SEC filing. Institutional investors own 3.39% of the company’s stock.

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.