Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Up 84.5% in March

Castor Maritime Inc. (NASDAQ:CTRM) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 63,300 shares, a growth of 84.5% from the February 28th total of 34,300 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 54,600 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On Castor Maritime

A hedge fund recently raised its stake in Castor Maritime stock. Towerview LLC boosted its position in Castor Maritime Inc. (NASDAQ:CTRM) by 1,820.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 240,000 shares of the company’s stock after purchasing an additional 227,500 shares during the quarter. Castor Maritime makes up approximately 0.5% of Towerview LLC’s investment portfolio, making the stock its 17th largest holding. Towerview LLC owned about 2.48% of Castor Maritime worth $660,000 at the end of the most recent reporting period. 1.08% of the stock is currently owned by institutional investors.

Castor Maritime Stock Down 5.6 %

Castor Maritime stock opened at $2.37 on Friday. The firm has a market cap of $22.90 million, a P/E ratio of 0.71 and a beta of 0.78. The business has a fifty day moving average of $2.58 and a two-hundred day moving average of $3.24. Castor Maritime has a twelve month low of $2.33 and a twelve month high of $5.49.

About Castor Maritime

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.