Short Interest in Castor Maritime Inc. (NASDAQ:CTRM) Grows By 100.0%

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

Hedge Funds Weigh In On Castor Maritime

A hedge fund recently raised its stake in Castor Maritime stock. Renaissance Technologies LLC boosted its holdings in shares of Castor Maritime Inc. (NASDAQ:CTRM) by 39.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing. 1.08% of the stock is owned by institutional investors and hedge funds.

Castor Maritime Trading Down 1.0 %

Shares of NASDAQ CTRM traded down $0.04 during trading hours on Monday, hitting $4.00. 35,054 shares of the company traded hands, compared to its average volume of 64,240. The company’s 50 day moving average price is $4.31 and its 200 day moving average price is $4.30. Castor Maritime has a 12 month low of $2.86 and a 12 month high of $6.50. The company has a current ratio of 10.03, a quick ratio of 10.00 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $38.65 million, a price-to-earnings ratio of 1.62 and a beta of 0.87.

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

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.