Toro Corp. (NASDAQ:TORO) Sees Significant Decline in Short Interest

Toro Corp. (NASDAQ:TORO) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 11,300 shares, a decrease of 26.1% from the September 30th total of 15,300 shares. Based on an average daily trading volume, of 87,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 87,200 shares, the short-interest ratio is presently 0.1 days.

Toro Price Performance

Shares of TORO stock opened at $3.56 on Wednesday. Toro has a 1-year low of $1.70 and a 1-year high of $4.94. The stock’s 50-day moving average is $3.48 and its 200 day moving average is $2.75. The company has a market cap of $67.97 million, a P/E ratio of 178.09 and a beta of 1.31.

Toro (NASDAQ:TORO) last issued its quarterly earnings data on Wednesday, October 1st. The company reported $0.02 earnings per share for the quarter. Toro had a return on equity of 2.46% and a net margin of 24.65%.The company had revenue of $4.06 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Toro in a research report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Toro currently has an average rating of “Sell”.

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.