Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Update

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 14,800 shares, a decline of 61.3% from the September 15th total of 38,200 shares. Based on an average trading volume of 35,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 35,700 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Castor Maritime in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Castor Maritime Price Performance

CTRM stock opened at $2.06 on Monday. Castor Maritime has a 12-month low of $1.91 and a 12-month high of $4.19. The company has a current ratio of 3.64, a quick ratio of 3.64 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $2.11 and its two-hundred day moving average price is $2.20. The stock has a market capitalization of $19.90 million, a price-to-earnings ratio of -0.65 and a beta of 0.98.

Castor Maritime (NASDAQ:CTRM) last announced its quarterly earnings results on Wednesday, October 1st. The company reported $0.08 earnings per share (EPS) for the quarter. Castor Maritime had a negative net margin of 65.40% and a negative return on equity of 3.69%. The company had revenue of $17.94 million for the quarter.

Hedge Funds Weigh In On Castor Maritime

A hedge fund recently raised its stake in Castor Maritime stock. Goldman Sachs Group Inc. lifted its stake in shares of Castor Maritime Inc. (NASDAQ:CTRM) by 20.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,600 shares of the company’s stock after buying an additional 4,586 shares during the quarter. Goldman Sachs Group Inc. owned about 0.28% of Castor Maritime worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 1.08% of the company’s stock.

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.