Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Down 6.8% in June

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 71,100 shares, a drop of 6.8% from the May 31st total of 76,300 shares. Based on an average daily volume of 80,400 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Trading of Castor Maritime

An institutional investor recently bought a new position in Castor Maritime stock. Privium Fund Management UK Ltd purchased a new position in shares of Castor Maritime Inc. (NASDAQ:CTRM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 154,987 shares of the company’s stock, valued at approximately $66,000. Privium Fund Management UK Ltd owned about 0.16% of Castor Maritime at the end of the most recent reporting period. 1.08% of the stock is currently owned by hedge funds and other institutional investors.

Castor Maritime Price Performance

Castor Maritime stock traded up $0.26 during midday trading on Wednesday, hitting $4.82. 33,287 shares of the company’s stock were exchanged, compared to its average volume of 74,773. The stock has a 50-day moving average price of $4.15 and a two-hundred day moving average price of $4.27. Castor Maritime has a 52-week low of $2.86 and a 52-week high of $6.50. The company has a market cap of $46.56 million, a P/E ratio of 1.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 7.71 and a current ratio of 7.74.

Castor Maritime (NASDAQ:CTRM) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.71 earnings per share for the quarter. The business had revenue of $20.39 million during the quarter. Castor Maritime had a net margin of 53.67% and a return on equity of 9.13%.

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.