Castor Maritime Inc. (NASDAQ:CTRM) Sees Significant Decline in Short Interest

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 71,100 shares, a decline of 6.8% from the May 31st total of 76,300 shares. Based on an average daily volume of 80,400 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.7% of the company’s shares are sold short.

Castor Maritime Trading Down 1.7 %

Shares of CTRM traded down $0.08 during trading hours on Tuesday, reaching $4.56. 53,300 shares of the company traded hands, compared to its average volume of 75,103. The company has a current ratio of 7.74, a quick ratio of 7.71 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average price is $4.12 and its 200 day moving average price is $4.27. The firm has a market cap of $44.05 million, a price-to-earnings ratio of 1.83 and a beta of 0.88. Castor Maritime has a 12-month low of $2.86 and a 12-month high of $6.50.

Castor Maritime (NASDAQ:CTRM) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.71 earnings per share for the quarter. The firm had revenue of $20.39 million during the quarter. Castor Maritime had a return on equity of 9.13% and a net margin of 53.67%.

Institutional Trading of Castor Maritime

An institutional investor recently bought a new position in Castor Maritime stock. Privium Fund Management UK Ltd acquired a new stake in Castor Maritime Inc. (NASDAQ:CTRM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 154,987 shares of the company’s stock, valued at approximately $66,000. Privium Fund Management UK Ltd owned approximately 0.16% of Castor Maritime at the end of the most recent reporting period. Institutional investors and hedge funds own 1.08% of the company’s stock.

Castor Maritime Company Profile

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.