Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Up 46.6% in October

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 39,300 shares, an increase of 46.6% from the October 15th total of 26,800 shares. Based on an average daily trading volume, of 48,100 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s stock are short sold.

Castor Maritime Trading Up 1.1 %

Shares of CTRM traded up $0.04 during trading hours on Thursday, reaching $3.68. The stock had a trading volume of 326,182 shares, compared to its average volume of 64,775. The company has a market capitalization of $35.55 million, a price-to-earnings ratio of 1.09 and a beta of 0.86. The firm has a 50-day simple moving average of $4.08 and a 200 day simple moving average of $4.34. Castor Maritime has a 12 month low of $2.90 and a 12 month high of $6.50.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Castor Maritime stock. Renaissance Technologies LLC boosted its holdings in Castor Maritime Inc. (NASDAQ:CTRM) by 39.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. 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 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.