Toro Corp. (NASDAQ:TORO) Short Interest Update

Toro Corp. (NASDAQ:TORO) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 85,300 shares, a growth of 25.1% from the November 30th total of 68,200 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 46,200 shares, the days-to-cover ratio is presently 1.8 days.

Toro Price Performance

Toro stock opened at $2.93 on Tuesday. Toro has a 12-month low of $2.25 and a 12-month high of $6.45. The stock has a market capitalization of $55.61 million, a PE ratio of 2.76 and a beta of 1.55. The firm has a 50 day simple moving average of $2.84 and a 200-day simple moving average of $3.31.

Institutional Investors Weigh In On Toro

A hedge fund recently raised its stake in Toro stock. Renaissance Technologies LLC grew its stake in shares of Toro Corp. (NASDAQ:TORO) by 13.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 77,659 shares of the company’s stock after acquiring an additional 9,459 shares during the period. Renaissance Technologies LLC owned about 0.41% of Toro worth $311,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.74% of the company’s stock.

Toro Company Profile

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.