Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Up 49.1% in January

Castor Maritime Inc. (NASDAQ:CTRM) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 7,027 shares, a growth of 49.1% from the January 15th total of 4,714 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 115,408 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 115,408 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Castor Maritime

An institutional investor recently bought a new position in Castor Maritime stock. Jane Street Group LLC bought a new position in shares of Castor Maritime Inc. (NASDAQ:CTRM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,898 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned about 0.19% of Castor Maritime as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Castor Maritime in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Castor Maritime presently has a consensus rating of “Sell”.

Castor Maritime Price Performance

Shares of NASDAQ CTRM traded up $0.01 during mid-day trading on Friday, reaching $2.17. The company’s stock had a trading volume of 27,010 shares, compared to its average volume of 80,664. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.61 and a quick ratio of 5.61. Castor Maritime has a 52 week low of $1.84 and a 52 week high of $2.92. The stock has a fifty day moving average of $2.20 and a two-hundred day moving average of $2.12. The firm has a market capitalization of $20.96 million, a PE ratio of -0.70 and a beta of 1.08.

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.