Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Down 41.8% in February

Castor Maritime Inc. (NASDAQ:CTRM) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 34,300 shares, a drop of 41.8% from the February 13th total of 58,900 shares. Based on an average trading volume of 53,900 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the stock are short sold.

Castor Maritime Stock Down 0.8 %

NASDAQ CTRM opened at $2.45 on Monday. Castor Maritime has a twelve month low of $2.33 and a twelve month high of $5.49. The company has a market cap of $23.67 million, a price-to-earnings ratio of 0.73 and a beta of 0.78. The business’s fifty day moving average is $2.64 and its 200 day moving average is $3.36.

Institutional Investors Weigh In On Castor Maritime

An institutional investor recently raised its position in Castor Maritime stock. Towerview LLC lifted its position in shares of Castor Maritime Inc. (NASDAQ:CTRM) by 1,820.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,000 shares of the company’s stock after acquiring an additional 227,500 shares during the quarter. Castor Maritime makes up approximately 0.5% of Towerview LLC’s portfolio, making the stock its 17th biggest position. Towerview LLC owned 2.48% of Castor Maritime worth $660,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.08% of the company’s stock.

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.