Toro Corp. (NASDAQ:TORO) Short Interest Up 197.8% in February

Toro Corp. (NASDAQ:TORO) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 40,800 shares, a growth of 197.8% from the February 13th total of 13,700 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is currently 1.0 days.

Toro Price Performance

TORO opened at $2.33 on Friday. The business’s 50-day moving average price is $2.83 and its two-hundred day moving average price is $2.99. Toro has a 1 year low of $2.25 and a 1 year high of $6.06. The company has a market capitalization of $44.22 million, a price-to-earnings ratio of 2.20 and a beta of 1.30.

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.