Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Update

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 20,000 shares, a decrease of 71.5% from the December 31st total of 70,200 shares. Based on an average trading volume of 60,900 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Castor Maritime Stock Performance

Shares of NASDAQ:CTRM traded up $0.01 during midday trading on Wednesday, hitting $2.68. 23,475 shares of the stock were exchanged, compared to its average volume of 45,526. The company has a market capitalization of $25.89 million, a PE ratio of 0.80 and a beta of 0.96. Castor Maritime has a 52-week low of $2.65 and a 52-week high of $5.49. The business’s fifty day simple moving average is $3.02 and its two-hundred day simple moving average is $3.89.

Castor Maritime (NASDAQ:CTRM) last posted its earnings results on Thursday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $13.41 million during the quarter. Castor Maritime had a net margin of 95.54% and a return on equity of 13.09%.

Institutional Trading of Castor Maritime

An institutional investor recently raised its position in Castor Maritime stock. Renaissance Technologies LLC boosted its position in Castor Maritime Inc. (NASDAQ:CTRM) by 39.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,469 shares of the company’s stock after buying an additional 8,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.30% of Castor Maritime worth $136,000 at the end of the most recent reporting period. Institutional investors own 1.08% of the company’s stock.

Castor Maritime Company Profile

Castor Maritime Inc provides shipping services worldwide. The company operates through Dry Bulk Vessels and Containerships segments. It offers seaborne transportation services for dry bulk cargo; and commodities, such as iron ore, coal, soybeans, etc. As of December 31, 2023, the company owned and operated a fleet of 17 vessels primarily consisting of one Capesize, five Kamsarmax, two Handysize tanker vessels, and nine Panamax dry bulk vessels, as well as two 2,700 TEU containership vessels.