Short Interest in Castor Maritime Inc. (NASDAQ:CTRM) Drops By 71.5%

Castor Maritime Inc. (NASDAQ:CTRM) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 20,000 shares, a drop of 71.5% from the December 15th total of 70,200 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 60,900 shares, the days-to-cover ratio is currently 0.3 days.

Castor Maritime Trading Up 0.4 %

CTRM traded up $0.01 on Monday, reaching $2.77. The stock had a trading volume of 64,105 shares, compared to its average volume of 66,129. The business’s 50-day moving average price is $3.25 and its two-hundred day moving average price is $4.04. The company has a market cap of $26.76 million, a P/E ratio of 0.83 and a beta of 0.96. Castor Maritime has a 12-month low of $2.67 and a 12-month high of $5.50.

Hedge Funds Weigh In On Castor Maritime

A hedge fund recently bought a new stake in Castor Maritime stock. Towerview LLC acquired a new position in shares of Castor Maritime Inc. (NASDAQ:CTRM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,500 shares of the company’s stock, valued at approximately $53,000. Castor Maritime accounts for 0.0% of Towerview LLC’s portfolio, making the stock its 25th largest position. Towerview LLC owned about 0.13% of Castor Maritime at the end of the most recent quarter. Institutional investors own 1.08% of the company’s stock.

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.