Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Down 28.6% in December

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 21,628 shares, a decrease of 28.6% from the November 30th total of 30,280 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 116,378 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 116,378 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Castor Maritime in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Castor Maritime Trading Down 2.6%

CTRM traded down $0.06 during trading on Monday, hitting $2.26. 44,602 shares of the company’s stock were exchanged, compared to its average volume of 50,581. Castor Maritime has a 1 year low of $1.84 and a 1 year high of $2.96. The stock has a 50 day moving average price of $2.08 and a 200 day moving average price of $2.15. The firm has a market cap of $21.83 million, a P/E ratio of -0.73 and a beta of 0.62. The company has a current ratio of 5.61, a quick ratio of 5.61 and a debt-to-equity ratio of 0.03.

Institutional Trading of Castor Maritime

A hedge fund recently raised its stake in Castor Maritime stock. Goldman Sachs Group Inc. grew its holdings in shares of Castor Maritime Inc. (NASDAQ:CTRM) by 20.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,600 shares of the company’s stock after buying an additional 4,586 shares during the quarter. Goldman Sachs Group Inc. owned 0.28% of Castor Maritime worth $61,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.08% of the company’s stock.

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.