Castor Maritime Inc. (NASDAQ:CTRM) Sees Large Growth in Short Interest

Castor Maritime Inc. (NASDAQ:CTRM) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 58,900 shares, a growth of 26.4% from the January 31st total of 46,600 shares. Based on an average daily volume of 51,700 shares, the short-interest ratio is presently 1.1 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Castor Maritime stock. Towerview LLC bought a new position in Castor Maritime Inc. (NASDAQ:CTRM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,500 shares of the company’s stock, valued at approximately $53,000. Castor Maritime accounts for approximately 0.0% of Towerview LLC’s holdings, making the stock its 25th biggest position. Towerview LLC owned approximately 0.13% of Castor Maritime at the end of the most recent quarter. Institutional investors and hedge funds own 1.08% of the company’s stock.

Castor Maritime Price Performance

Shares of CTRM opened at $2.44 on Friday. Castor Maritime has a one year low of $2.33 and a one year high of $5.49. The company has a 50-day moving average of $2.69 and a two-hundred day moving average of $3.49. The stock has a market cap of $23.58 million, a price-to-earnings ratio of 0.73 and a beta of 0.78.

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.