Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Up 100.0% in October

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 26,800 shares, a growth of 100.0% from the September 30th total of 13,400 shares. Based on an average trading volume of 48,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of Castor Maritime

An institutional investor recently raised its position in Castor Maritime stock. Renaissance Technologies LLC increased its holdings in Castor Maritime Inc. (NASDAQ:CTRM) by 39.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,469 shares of the company’s stock after buying an additional 8,400 shares during the period. Renaissance Technologies LLC owned 0.30% of Castor Maritime worth $136,000 as of its most recent SEC filing. Institutional investors own 1.08% of the company’s stock.

Castor Maritime Stock Performance

Shares of NASDAQ:CTRM traded down $0.02 during trading on Monday, hitting $4.02. 11,868 shares of the company were exchanged, compared to its average volume of 64,129. Castor Maritime has a 52-week low of $2.86 and a 52-week high of $6.50. The stock has a 50 day moving average of $4.31 and a 200 day moving average of $4.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 10.03 and a quick ratio of 10.00. The company has a market cap of $38.84 million, a PE ratio of 1.62 and a beta of 0.87.

Castor Maritime (NASDAQ:CTRM) last issued its earnings results on Thursday, August 8th. The company reported $0.97 EPS for the quarter. Castor Maritime had a return on equity of 12.92% and a net margin of 76.76%. The business had revenue of $16.28 million during the quarter.

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.