Castor Maritime Inc. (NASDAQ:CTRM – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 63,300 shares, a growth of 84.5% from the February 28th total of 34,300 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 54,600 shares, the short-interest ratio is currently 1.2 days.
Castor Maritime Stock Performance
Shares of NASDAQ CTRM traded down $0.14 during midday trading on Friday, hitting $2.37. 37,747 shares of the company’s stock traded hands, compared to its average volume of 58,806. The stock has a market capitalization of $22.90 million, a price-to-earnings ratio of 0.71 and a beta of 0.78. The firm has a fifty day moving average of $2.58 and a 200 day moving average of $3.23. Castor Maritime has a 1 year low of $2.33 and a 1 year high of $5.49.
Institutional Investors Weigh In On Castor Maritime
An institutional investor recently raised its position in Castor Maritime stock. Squarepoint Ops LLC grew its stake in Castor Maritime Inc. (NASDAQ:CTRM – Free Report) by 106.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,373 shares of the company’s stock after buying an additional 14,602 shares during the quarter. Squarepoint Ops LLC owned approximately 0.29% of Castor Maritime worth $78,000 as of its most recent SEC filing. 1.08% of the stock is currently owned by hedge funds and other institutional investors.
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.
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