Castor Maritime Inc. (NASDAQ:CTRM) Sees Large Decline in Short Interest

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 71,100 shares, a drop of 6.8% from the May 31st total of 76,300 shares. Based on an average daily trading volume, of 80,400 shares, the short-interest ratio is currently 0.9 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Trading of Castor Maritime

A hedge fund recently bought a new stake in Castor Maritime stock. Privium Fund Management UK Ltd acquired a new stake in shares of Castor Maritime Inc. (NASDAQ:CTRM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 154,987 shares of the company’s stock, valued at approximately $66,000. Privium Fund Management UK Ltd owned approximately 0.16% of Castor Maritime as of its most recent SEC filing. 1.08% of the stock is currently owned by hedge funds and other institutional investors.

Castor Maritime Trading Up 5.7 %

CTRM stock traded up $0.26 on Wednesday, hitting $4.82. 33,287 shares of the company were exchanged, compared to its average volume of 74,773. The stock has a market capitalization of $46.56 million, a price-to-earnings ratio of 1.94 and a beta of 0.88. The business’s fifty day moving average is $4.15 and its two-hundred day moving average is $4.27. Castor Maritime has a twelve month low of $2.86 and a twelve month high of $6.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.74 and a quick ratio of 7.71.

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

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.