Short Interest in Castor Maritime Inc. (NASDAQ:CTRM) Declines By 23.1%

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 5,402 shares, a decrease of 23.1% from the January 29th total of 7,027 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 47,185 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 47,185 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Castor Maritime Trading Up 2.8%

CTRM stock traded up $0.06 during midday trading on Monday, hitting $2.24. The company had a trading volume of 137,395 shares, compared to its average volume of 67,272. The stock has a market cap of $21.64 million, a price-to-earnings ratio of -0.72 and a beta of 1.00. Castor Maritime has a 52 week low of $1.84 and a 52 week high of $2.84. The company has a current ratio of 5.61, a quick ratio of 5.61 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $2.19 and its 200 day moving average price is $2.12.

Hedge Funds Weigh In On Castor Maritime

Several hedge funds and other institutional investors have recently modified their holdings of CTRM. Virtu Financial LLC bought a new stake in shares of Castor Maritime in the fourth quarter worth about $25,000. Jane Street Group LLC bought a new stake in shares of Castor Maritime in the 4th quarter worth approximately $37,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Castor Maritime by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock valued at $61,000 after buying an additional 4,586 shares during the period. 1.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Castor Maritime in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Castor Maritime presently has a consensus rating of “Sell”.

About Castor Maritime

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.