Toro Corp. (NASDAQ:TORO) Short Interest Up 21.2% in October

Toro Corp. (NASDAQ:TORO) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 41,100 shares, a growth of 21.2% from the September 30th total of 33,900 shares. Based on an average daily volume of 35,400 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the company’s stock are short sold.

Toro Stock Down 0.6 %

NASDAQ:TORO traded down $0.02 on Tuesday, hitting $3.23. The stock had a trading volume of 10,511 shares, compared to its average volume of 37,291. The company has a market cap of $61.31 million, a PE ratio of 1.74 and a beta of 1.98. Toro has a 52 week low of $3.00 and a 52 week high of $6.45. The business’s fifty day moving average is $3.38 and its 200 day moving average is $3.81.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Toro stock. Renaissance Technologies LLC boosted its stake in Toro Corp. (NASDAQ:TORO) by 13.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,659 shares of the company’s stock after buying an additional 9,459 shares during the quarter. Renaissance Technologies LLC owned approximately 0.41% of Toro worth $311,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.74% of the company’s stock.

About Toro

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.