Castor Maritime Inc. (NASDAQ:CTRM) Sees Large Growth in Short Interest

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 15,753 shares, an increase of 62.4% from the April 30th total of 9,699 shares. Based on an average daily volume of 27,506 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Castor Maritime Trading Up 1.6%

Castor Maritime stock traded up $0.04 during trading on Thursday, reaching $2.28. 26,282 shares of the company were exchanged, compared to its average volume of 63,139. The stock’s 50 day simple moving average is $1.91 and its two-hundred day simple moving average is $2.07. The company has a market capitalization of $21.98 million, a P/E ratio of 1.63 and a beta of 1.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.44 and a quick ratio of 6.41. Castor Maritime has a 52-week low of $1.66 and a 52-week high of $2.65.

Castor Maritime (NASDAQ:CTRM) last issued its earnings results on Wednesday, April 15th. The company reported $0.24 earnings per share (EPS) for the quarter. Castor Maritime had a return on equity of 3.48% and a net margin of 103.17%.The business had revenue of $13.33 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its position in Castor Maritime by 82.1% in the first quarter. Renaissance Technologies LLC now owns 73,869 shares of the company’s stock worth $137,000 after acquiring an additional 33,300 shares during the period. Virtu Financial LLC acquired a new position in shares of Castor Maritime in the 4th quarter valued at $25,000. Jane Street Group LLC purchased a new position in shares of Castor Maritime during the 4th quarter worth $37,000. Finally, Goldman Sachs Group Inc. raised its holdings in Castor Maritime by 20.8% in the 1st 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 currently owned by institutional investors and hedge funds.

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.