Short Interest in Castor Maritime Inc. (NASDAQ:CTRM) Grows By 18.7%

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 89,600 shares, a growth of 18.7% from the November 15th total of 75,500 shares. Based on an average daily trading volume, of 54,500 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.9% of the company’s stock are sold short.

Castor Maritime Stock Performance

NASDAQ:CTRM traded down $0.28 during trading hours on Friday, hitting $3.05. 202,864 shares of the company’s stock traded hands, compared to its average volume of 63,983. Castor Maritime has a twelve month low of $2.83 and a twelve month high of $6.50. The firm has a market cap of $29.47 million, a P/E ratio of 0.91 and a beta of 0.89. The stock’s fifty day moving average price is $3.75 and its two-hundred day moving average price is $4.31.

Hedge Funds Weigh In On Castor Maritime

A hedge fund recently raised its stake in Castor Maritime stock. Renaissance Technologies LLC raised its position in Castor Maritime Inc. (NASDAQ:CTRM) by 39.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,469 shares of the company’s stock after purchasing 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 quarter. 1.08% of the stock is currently owned by institutional investors and hedge funds.

About Castor Maritime

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.