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

Castor Maritime Inc. (NASDAQ:CTRM) saw a large 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 trading volume of 51,700 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the company’s stock are sold short.

Castor Maritime Trading Up 1.5 %

CTRM stock traded up $0.04 during midday trading on Thursday, hitting $2.42. The company’s stock had a trading volume of 16,932 shares, compared to its average volume of 43,229. Castor Maritime has a 12 month low of $2.33 and a 12 month high of $5.49. The company has a market cap of $23.33 million, a PE ratio of 0.72 and a beta of 0.78. The firm’s 50-day moving average is $2.69 and its 200-day moving average is $3.49.

Institutional Trading of Castor Maritime

A hedge fund recently raised its stake in Castor Maritime stock. Squarepoint Ops LLC increased its stake in Castor Maritime Inc. (NASDAQ:CTRM) by 106.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,373 shares of the company’s stock after purchasing an additional 14,602 shares during the quarter. Squarepoint Ops LLC owned 0.29% of Castor Maritime worth $78,000 at the end of the most recent quarter. 1.08% of the stock is currently owned by institutional investors.

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.