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

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 13,547 shares, an increase of 151.7% from the February 26th total of 5,382 shares. Based on an average daily volume of 85,103 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 85,103 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Castor Maritime

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

Castor Maritime Trading Up 2.3%

NASDAQ:CTRM opened at $2.00 on Wednesday. The stock has a market cap of $19.27 million, a price-to-earnings ratio of -0.65 and a beta of 1.00. Castor Maritime has a one year low of $1.84 and a one year high of $2.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.61 and a current ratio of 5.61. The business’s 50-day simple moving average is $2.16 and its 200 day simple moving average is $2.12.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Castor Maritime in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Castor Maritime currently has an average 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.