Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Up 26.4% in February

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 58,900 shares, an increase of 26.4% from the January 31st total of 46,600 shares. Based on an average daily trading volume, of 51,700 shares, the short-interest ratio is presently 1.1 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Castor Maritime stock. Towerview LLC bought a new position in Castor Maritime Inc. (NASDAQ:CTRM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,500 shares of the company’s stock, valued at approximately $53,000. Castor Maritime makes up 0.0% of Towerview LLC’s holdings, making the stock its 25th largest position. Towerview LLC owned 0.13% of Castor Maritime at the end of the most recent quarter. Institutional investors and hedge funds own 1.08% of the company’s stock.

Castor Maritime Price Performance

Shares of CTRM stock traded up $0.04 during mid-day trading on Thursday, hitting $2.42. The company had a trading volume of 16,932 shares, compared to its average volume of 43,229. The company has a market capitalization of $23.33 million, a P/E ratio of 0.72 and a beta of 0.78. The stock’s 50 day moving average price is $2.69 and its 200-day moving average price is $3.49. Castor Maritime has a 52-week low of $2.33 and a 52-week high of $5.49.

About Castor Maritime

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.