Toro Corp. (NASDAQ:TORO) Short Interest Up 25.1% in December

Toro Corp. (NASDAQ:TORO) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 85,300 shares, an increase of 25.1% from the November 30th total of 68,200 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 46,200 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of Toro

An institutional investor recently raised its position in Toro stock. Renaissance Technologies LLC raised its holdings in Toro Corp. (NASDAQ:TORO) by 13.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,659 shares of the company’s stock after acquiring an additional 9,459 shares during the quarter. Renaissance Technologies LLC owned 0.41% of Toro worth $311,000 as of its most recent filing with the SEC. 1.74% of the stock is currently owned by institutional investors.

Toro Stock Performance

TORO traded down $0.04 during trading on Friday, reaching $2.84. The company’s stock had a trading volume of 34,970 shares, compared to its average volume of 40,678. The company’s fifty day moving average price is $2.85 and its 200-day moving average price is $3.33. Toro has a 52-week low of $2.25 and a 52-week high of $6.45. The company has a market capitalization of $53.90 million, a price-to-earnings ratio of 2.68 and a beta of 1.55.

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.