Castor Maritime Inc. (NASDAQ:CTRM) Sees Large Drop in Short Interest
by Amy Steele · The Cerbat GemCastor Maritime Inc. (NASDAQ:CTRM – Get Free Report) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 21,628 shares, a decrease of 28.6% from the November 30th total of 30,280 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 116,378 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 116,378 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.
Institutional Trading of Castor Maritime
A hedge fund recently raised its stake in Castor Maritime stock. Goldman Sachs Group Inc. increased its position in Castor Maritime Inc. (NASDAQ:CTRM – Free Report) by 20.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,600 shares of the company’s stock after acquiring an additional 4,586 shares during the period. Goldman Sachs Group Inc. owned approximately 0.28% of Castor Maritime worth $61,000 at the end of the most recent reporting period. 1.08% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Castor Maritime in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
Check Out Our Latest Stock Report on CTRM
Castor Maritime Stock Performance
Shares of NASDAQ:CTRM traded down $0.06 during trading on Monday, hitting $2.26. 44,602 shares of the company traded hands, compared to its average volume of 50,581. The company has a quick ratio of 5.61, a current ratio of 5.61 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average is $2.08 and its 200-day moving average is $2.15. The stock has a market capitalization of $21.83 million, a price-to-earnings ratio of -0.73 and a beta of 0.62. Castor Maritime has a one year low of $1.84 and a one year high of $2.96.
About Castor Maritime
Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.
Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.