Toro Corp. (NASDAQ:TORO) Short Interest Update

Toro Corp. (NASDAQ:TORO) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 8,000 shares, a decrease of 63.3% from the August 15th total of 21,800 shares. Based on an average daily trading volume, of 34,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Toro Stock Performance

Shares of Toro stock traded down $0.10 during trading on Friday, hitting $3.38. 44,007 shares of the stock traded hands, compared to its average volume of 33,369. The stock has a market cap of $64.15 million, a P/E ratio of 1.22 and a beta of 1.98. The company has a fifty day moving average price of $3.57 and a two-hundred day moving average price of $4.28. Toro has a twelve month low of $3.00 and a twelve month high of $6.45.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Toro stock. Renaissance Technologies LLC raised its position in Toro Corp. (NASDAQ:TORO) by 13.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing. 1.74% of the stock is owned by institutional investors.

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.