Short Interest in United Maritime Co. (NASDAQ:USEA) Decreases By 14.7%

United Maritime Co. (NASDAQ:USEA) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 496,900 shares, a drop of 14.7% from the February 28th total of 582,200 shares. Based on an average daily volume of 53,700 shares, the days-to-cover ratio is presently 9.3 days. Currently, 6.8% of the shares of the company are sold short.

United Maritime Stock Down 4.9 %

USEA opened at $1.36 on Tuesday. The company has a market capitalization of $12.04 million, a P/E ratio of -5.23 and a beta of 0.54. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.47 and a quick ratio of 0.46. The firm’s fifty day moving average price is $1.76 and its two-hundred day moving average price is $2.02. United Maritime has a fifty-two week low of $1.34 and a fifty-two week high of $2.90.

United Maritime Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 2.94%. United Maritime’s dividend payout ratio (DPR) is currently -10.26%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in United Maritime stock. Squarepoint Ops LLC raised its stake in shares of United Maritime Co. (NASDAQ:USEA) by 100.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,201 shares of the company’s stock after acquiring an additional 18,117 shares during the quarter. Squarepoint Ops LLC owned approximately 0.41% of United Maritime worth $62,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.63% of the company’s stock.

United Maritime Company Profile

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.