Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Down 44.3% in May

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,770 shares, a decline of 44.3% from the May 14th total of 15,753 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 70,019 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Castor Maritime

A number of institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of Castor Maritime by 82.1% in the first quarter. Renaissance Technologies LLC now owns 73,869 shares of the company’s stock worth $137,000 after buying an additional 33,300 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Castor Maritime in the fourth quarter worth $25,000. Jane Street Group LLC acquired a new stake in shares of Castor Maritime in the fourth quarter worth $37,000. Finally, Goldman Sachs Group Inc. raised its stake in Castor Maritime by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock valued at $61,000 after purchasing an additional 4,586 shares during the last quarter. 1.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Castor Maritime from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Castor Maritime Stock Performance

Shares of Castor Maritime stock traded up $0.05 on Friday, reaching $2.18. The stock had a trading volume of 48,306 shares, compared to its average volume of 77,709. The business’s 50-day moving average price is $1.96 and its two-hundred day moving average price is $2.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.88 and a current ratio of 6.88. Castor Maritime has a fifty-two week low of $1.66 and a fifty-two week high of $2.65. The stock has a market cap of $21.06 million, a P/E ratio of 1.56 and a beta of 1.21.

Castor Maritime (NASDAQ:CTRM) last issued its quarterly earnings data on Wednesday, April 15th. The company reported $0.24 earnings per share for the quarter. Castor Maritime had a net margin of 103.17% and a return on equity of 3.34%. The business had revenue of $13.33 million during the quarter.

Castor Maritime Company Profile

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.