Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Update

Castor Maritime Inc. (NASDAQ:CTRM) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 5,402 shares, a decrease of 23.1% from the January 29th total of 7,027 shares. Based on an average trading volume of 47,185 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 47,185 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Castor Maritime

A number of institutional investors have recently made changes to their positions in CTRM. Virtu Financial LLC acquired a new stake in shares of Castor Maritime during the fourth quarter worth approximately $25,000. Jane Street Group LLC acquired a new position in Castor Maritime during the 4th quarter worth $37,000. Finally, Goldman Sachs Group Inc. grew its holdings 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 in the last quarter. 1.08% of the stock is owned by institutional investors and hedge funds.

Castor Maritime Stock Down 2.4%

CTRM stock traded down $0.05 during trading on Wednesday, reaching $2.17. The stock had a trading volume of 24,498 shares, compared to its average volume of 72,481. The company has a current ratio of 5.61, a quick ratio of 5.61 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $2.19 and a 200 day moving average price of $2.12. The company has a market capitalization of $20.93 million, a P/E ratio of -0.70 and a beta of 1.00. Castor Maritime has a 1-year low of $1.84 and a 1-year high of $2.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, Castor Maritime presently has an average rating of “Sell”.

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.