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

Castor Maritime Inc. (NASDAQ:CTRM) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 75,500 shares, a growth of 92.1% from the October 31st total of 39,300 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 54,400 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Castor Maritime

An institutional investor recently bought a new position in Castor Maritime stock. Towerview LLC bought a new position in Castor Maritime Inc. (NASDAQ:CTRM) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,500 shares of the company’s stock, valued at approximately $53,000. Castor Maritime comprises approximately 0.0% of Towerview LLC’s holdings, making the stock its 25th largest holding. Towerview LLC owned approximately 0.13% of Castor Maritime as of its most recent SEC filing. Hedge funds and other institutional investors own 1.08% of the company’s stock.

Castor Maritime Price Performance

NASDAQ CTRM traded up $0.08 during trading hours on Friday, reaching $3.59. 55,840 shares of the company’s stock traded hands, compared to its average volume of 63,934. Castor Maritime has a 52-week low of $3.03 and a 52-week high of $6.50. The firm has a 50-day simple moving average of $3.89 and a 200 day simple moving average of $4.34. The firm has a market cap of $34.68 million, a PE ratio of 1.07 and a beta of 0.86.

Castor Maritime Company Profile

Castor Maritime Inc provides shipping services worldwide. The company operates through Dry Bulk Vessels and Containerships segments. It offers seaborne transportation services for dry bulk cargo; and commodities, such as iron ore, coal, soybeans, etc. As of December 31, 2023, the company owned and operated a fleet of 17 vessels primarily consisting of one Capesize, five Kamsarmax, two Handysize tanker vessels, and nine Panamax dry bulk vessels, as well as two 2,700 TEU containership vessels.