Short Interest in Castor Maritime Inc. (NASDAQ:CTRM) Expands By 30.2%

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Castor Maritime stock. Privium Fund Management UK Ltd purchased a new position in Castor Maritime Inc. (NASDAQ:CTRM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 at the end of the most recent quarter. 1.08% of the stock is currently owned by hedge funds and other institutional investors.

Castor Maritime Stock Performance

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

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

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.