Castor Maritime Inc. (NASDAQ:CTRM) Sees Significant Decrease in Short Interest

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 13,554 shares, a decrease of 37.3% from the December 15th total of 21,628 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 73,390 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 73,390 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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.com, the stock has a consensus rating of “Sell”.

Castor Maritime Price Performance

Shares of Castor Maritime stock traded down $0.04 during mid-day trading on Friday, reaching $2.07. 69,964 shares of the stock were exchanged, compared to its average volume of 43,004. Castor Maritime has a fifty-two week low of $1.84 and a fifty-two week high of $2.92. The company has a market cap of $20.02 million, a price-to-earnings ratio of -0.67 and a beta of 0.60. The firm has a 50-day simple moving average of $2.11 and a 200 day simple moving average of $2.13. The company has a current ratio of 5.61, a quick ratio of 5.61 and a debt-to-equity ratio of 0.03.

Institutional Trading of Castor Maritime

A hedge fund recently raised its stake in Castor Maritime stock. Goldman Sachs Group Inc. increased its stake in shares of Castor Maritime Inc. (NASDAQ:CTRM) by 20.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,600 shares of the company’s stock after buying an additional 4,586 shares during the period. Goldman Sachs Group Inc. owned 0.28% of Castor Maritime worth $61,000 at the end of the most recent quarter. 1.08% of the stock is currently owned by institutional investors.

Castor Maritime Company Profile

Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.

Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.