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

by · The Markets Daily

Castor Maritime Inc. (NASDAQ:CTRM – Get Free Report) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 5,402 shares, a decrease of 23.1% from the January 29th total of 7,027 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 47,185 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 47,185 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Castor Maritime in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Castor Maritime currently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on CTRM

Hedge Funds Weigh In On Castor Maritime

A number of hedge funds have recently made changes to their positions in CTRM. Virtu Financial LLC acquired a new position in Castor Maritime during the 4th quarter worth about $25,000. Jane Street Group LLC acquired a new position in shares of Castor Maritime in the fourth quarter valued at approximately $37,000. Finally, Goldman Sachs Group Inc. increased its stake in Castor Maritime by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock valued at $61,000 after buying an additional 4,586 shares during the period. Hedge funds and other institutional investors own 1.08% of the company’s stock.

Castor Maritime Trading Up 0.9%

Shares of NASDAQ CTRM traded up $0.02 during mid-day trading on Tuesday, reaching $2.25. 134,029 shares of the company’s stock were exchanged, compared to its average volume of 72,093. The company’s 50-day moving average is $2.19 and its 200-day moving average is $2.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.61 and a current ratio of 5.61. The firm has a market capitalization of $21.74 million, a price-to-earnings ratio of -0.73 and a beta of 1.08. Castor Maritime has a 52-week low of $1.84 and a 52-week high of $2.84.

About Castor Maritime

(Get Free Report)

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.

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