Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Up 30.2% in July

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 74,200 shares, an increase of 30.2% from the July 15th total of 57,000 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 63,700 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On Castor Maritime

A hedge fund recently bought a new stake in Castor Maritime stock. Privium Fund Management UK Ltd purchased a new stake in shares of Castor Maritime Inc. (NASDAQ:CTRM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 154,987 shares of the company’s stock, valued at approximately $66,000. Privium Fund Management UK Ltd owned about 0.16% 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 Stock Performance

Shares of CTRM stock traded down $0.12 on Friday, reaching $4.66. The stock had a trading volume of 103,094 shares, compared to its average volume of 69,419. The stock has a market cap of $45.02 million, a P/E ratio of 1.87 and a beta of 0.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 7.71 and a current ratio of 7.74. Castor Maritime has a 1 year low of $2.86 and a 1 year high of $6.50. The company has a 50 day simple moving average of $4.74 and a 200 day simple moving average of $4.26.

Castor Maritime (NASDAQ:CTRM) last announced its earnings results on Thursday, May 16th. The company reported $0.71 earnings per share (EPS) for the quarter. Castor Maritime had a net margin of 53.67% and a return on equity of 9.13%. The company had revenue of $20.39 million during the quarter.

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.