Toro Corp. (NASDAQ:TORO) Short Interest Down 55.7% in March

Toro Corp. (NASDAQ:TORO) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 16,000 shares, a decrease of 55.7% from the March 15th total of 36,100 shares. Based on an average daily trading volume, of 28,400 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are short sold.

Toro Trading Up 6.3 %

Shares of NASDAQ TORO opened at $2.03 on Thursday. Toro has a 12-month low of $1.70 and a 12-month high of $4.85. The stock’s fifty day simple moving average is $2.44 and its two-hundred day simple moving average is $2.79. The stock has a market capitalization of $38.53 million, a PE ratio of 1.92 and a beta of 1.26.

Toro (NASDAQ:TORO) last posted its earnings results on Tuesday, April 15th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.23 million during the quarter. Toro had a net margin of 176.49% and a return on equity of 17.16%.

About Toro

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.