Castor Maritime Inc. (NASDAQ:CTRM – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 63,300 shares, a growth of 84.5% from the February 28th total of 34,300 shares. Based on an average trading volume of 54,600 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the company’s stock are sold short.
Castor Maritime Trading Down 5.6 %
CTRM opened at $2.37 on Monday. The firm has a market cap of $22.90 million, a price-to-earnings ratio of 0.71 and a beta of 0.78. Castor Maritime has a 12 month low of $2.33 and a 12 month high of $5.49. The stock has a fifty day moving average price of $2.58 and a 200-day moving average price of $3.23.
Hedge Funds Weigh In On Castor Maritime
An institutional investor recently raised its position in Castor Maritime stock. Towerview LLC lifted its position in Castor Maritime Inc. (NASDAQ:CTRM – Free Report) by 1,820.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 240,000 shares of the company’s stock after buying an additional 227,500 shares during the period. Castor Maritime makes up about 0.5% of Towerview LLC’s portfolio, making the stock its 17th largest position. Towerview LLC owned approximately 2.48% of Castor Maritime worth $660,000 at the end of the most recent reporting period. 1.08% of the stock is owned by institutional investors and hedge funds.
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.
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