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

Castor Maritime Inc. (NASDAQ:CTRM) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 20,000 shares, a drop of 71.5% from the December 31st total of 70,200 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 60,900 shares, the days-to-cover ratio is currently 0.3 days.

Castor Maritime Price Performance

Shares of CTRM traded up $0.01 during midday trading on Wednesday, reaching $2.68. The stock had a trading volume of 23,475 shares, compared to its average volume of 45,526. The firm’s 50 day moving average price is $3.02 and its 200-day moving average price is $3.89. Castor Maritime has a 52 week low of $2.65 and a 52 week high of $5.49. The company has a market capitalization of $25.89 million, a P/E ratio of 0.80 and a beta of 0.96.

Castor Maritime (NASDAQ:CTRM) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.14 earnings per share for the quarter. The company 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 lifted its stake in shares of Castor Maritime Inc. (NASDAQ:CTRM) by 39.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,469 shares of the company’s stock after acquiring an additional 8,400 shares during the quarter. Renaissance Technologies LLC owned 0.30% of Castor Maritime worth $136,000 at the end of the most recent reporting period. 1.08% of the stock is 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.