Castor Maritime Inc. (NASDAQ:CTRM – Get Free Report) saw a significant increase in short interest in 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. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 51,700 shares, the days-to-cover ratio is currently 1.1 days.
Castor Maritime Stock Performance
CTRM stock opened at $2.44 on Friday. The stock has a market cap of $23.58 million, a P/E ratio of 0.73 and a beta of 0.78. The firm has a 50 day simple moving average of $2.69 and a 200 day simple moving average of $3.49. Castor Maritime has a 52 week low of $2.33 and a 52 week high of $5.49.
Institutional Trading of Castor Maritime
A hedge fund recently bought a new stake in Castor Maritime stock. Towerview LLC purchased a new position in shares of Castor Maritime Inc. (NASDAQ:CTRM – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,500 shares of the company’s stock, valued at approximately $53,000. Castor Maritime accounts for approximately 0.0% of Towerview LLC’s investment portfolio, making the stock its 25th biggest holding. Towerview LLC owned approximately 0.13% of Castor Maritime as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 1.08% of the company’s stock.
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.
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