Castor Maritime Inc. (NASDAQ:CTRM) Sees Large Growth in Short Interest

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 15,753 shares, a growth of 62.4% from the April 30th total of 9,699 shares. Based on an average daily volume of 27,506 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Castor Maritime

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Castor Maritime during the 4th quarter worth approximately $25,000. Jane Street Group LLC bought a new stake in Castor Maritime during the 4th quarter worth approximately $37,000. 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 worth $61,000 after acquiring an additional 4,586 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Castor Maritime by 82.1% during the 1st quarter. Renaissance Technologies LLC now owns 73,869 shares of the company’s stock worth $137,000 after acquiring an additional 33,300 shares during the period. Institutional investors own 1.08% of the company’s stock.

Castor Maritime Price Performance

Shares of NASDAQ:CTRM opened at $2.25 on Friday. The firm’s 50 day moving average price is $1.92 and its 200-day moving average price is $2.07. Castor Maritime has a twelve month low of $1.66 and a twelve month high of $2.65. The company has a quick ratio of 6.41, a current ratio of 6.88 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $21.74 million, a PE ratio of 1.61 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 firm 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.