The stock of Globus Maritime Limited (NASDAQ:GLBS) is now priced at $0.16 and the shares are 0.01 points up or 12.79% higher compared to its previous closing price of $0.15. The stock had 20.309 million contracts set over the past session. GLBS shares’ daily volume is compared to its average trading volume at 12 million shares. However, it has a float of 6.06 million and although its performance was -0.66% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the GLBS share price recently placing at $0.148 to $0.1666. However, some brokerage firms have priced the stock below the average, including one that has called $200.

The shorts are climbing into the Globus Maritime Limited stock, with the latest data on short interest released on July 15, 2020, showing that short interest numbers in the GLBS shares have risen. Short interest in the stock represents just 40.67% of its float, but the volume has raised by 582260. The volume of shorted shares rised to 2.465 million from 1.883 million shares over the last two weeks. The average intraday trading volume has been 15.215 million shares, which means that days to cover moved to roughly 1.

In the last trading session, Globus Maritime Limited (NASDAQ:GLBS) dropped by -$0.0011 over the week and lost -$0.1051 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $3.01. The stock recorded its established 52-week high on 11/01/19.

Since 07/27/20, the stock has traded to a low of $0.127 at 29.84%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.95. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, Globus Maritime Limited’s two-week RSI is 30.81. This suggests that the stock is neutral at the moment and that GLBS shares’ price movement remains stable. The stochastic readings are equally revealing at 13.84% meaning the GLBS share price is currently in overbought territory.

The technical chart shows that the GLBS stock will likely settle at between $0.1717 and $0.1784 per share. However, if the stock dips below $0.1531, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $0.1412.

Currently, the stock is trading in the red of MACD, with a reading of -0.0118. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

Analysts at Wunderlich raised their recommendation for GLBS from Hold to Buy in April 14 review while maintain their target price of $4 to $5. Wunderlich analysts see the stock as a Hold, but they also dropped the share’s target price from $4.50 to $3.50 in a flash note released to investors on September 12. Wunderlich seeing the stock struggling downgraded it from Buy to Hold on May 16 placing it at $8 to $4.50.