Short Interest in Castor Maritime Inc. (NASDAQ:CTRM) Increases By 76.5%

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 15,480 shares, an increase of 76.5% from the May 31st total of 8,770 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 89,862 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Castor Maritime from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Castor Maritime currently has a consensus rating of “Sell”.

Institutional Trading of Castor Maritime

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

Castor Maritime Stock Up 1.2%

Shares of CTRM stock opened at $2.15 on Thursday. Castor Maritime has a 12 month low of $1.66 and a 12 month high of $2.65. The firm has a market cap of $20.82 million, a PE ratio of 1.54 and a beta of 1.19. The stock has a 50 day moving average of $2.05 and a 200-day moving average of $2.08. The company has a quick ratio of 6.88, a current ratio of 6.88 and a debt-to-equity ratio of 0.13.

Castor Maritime (NASDAQ:CTRM) last announced its quarterly earnings data on Wednesday, April 15th. The company reported $0.24 earnings per share (EPS) 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 for the quarter.

About Castor Maritime

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.