United Maritime Co. (NASDAQ:USEA) Short Interest Down 14.7% in March

United Maritime Co. (NASDAQ:USEA) was the target of a large 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 trading volume, of 53,700 shares, the days-to-cover ratio is presently 9.3 days. Currently, 6.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On United Maritime

A hedge fund recently bought a new stake in United Maritime stock. Jane Street Group LLC acquired a new stake in shares of United Maritime Co. (NASDAQ:USEA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,415 shares of the company’s stock, valued at approximately $39,000. Jane Street Group LLC owned 0.25% of United Maritime as of its most recent SEC filing. 1.63% of the stock is currently owned by hedge funds and other institutional investors.

United Maritime Stock Down 2.2 %

USEA stock opened at $1.33 on Thursday. The company’s 50-day moving average price is $1.74 and its 200 day moving average price is $2.00. The company has a market cap of $11.77 million, a P/E ratio of -5.12 and a beta of 0.54. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.62. United Maritime has a 52 week low of $1.32 and a 52 week high of $2.90.

United Maritime Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 3.01%. United Maritime’s dividend payout ratio (DPR) is -10.26%.

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.