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

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 8,770 shares, a drop of 44.3% from the May 14th total of 15,753 shares. Based on an average daily trading volume, of 70,019 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

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

Institutional Trading of Castor Maritime

Several hedge funds and other institutional investors have recently bought and sold shares of CTRM. Jane Street Group LLC acquired a new stake in shares of Castor Maritime during the 4th quarter valued at about $37,000. Goldman Sachs Group Inc. lifted 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 valued at $61,000 after purchasing an additional 4,586 shares during the last quarter. Virtu Financial LLC bought a new position in Castor Maritime during the 4th quarter valued at about $25,000. Finally, Renaissance Technologies LLC lifted its holdings in Castor Maritime by 82.1% during the 1st 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 last quarter. 1.08% of the stock is currently owned by institutional investors and hedge funds.

Castor Maritime Stock Performance

NASDAQ CTRM traded down $0.15 during midday trading on Tuesday, hitting $2.11. The company had a trading volume of 37,675 shares, compared to its average volume of 61,473. The company has a quick ratio of 6.88, a current ratio of 6.88 and a debt-to-equity ratio of 0.13. The stock has a market cap of $20.38 million, a price-to-earnings ratio of 1.51 and a beta of 1.21. The firm has a fifty day simple moving average of $1.97 and a two-hundred day simple moving average of $2.08. Castor Maritime has a fifty-two week low of $1.66 and a fifty-two week high of $2.65.

Castor Maritime (NASDAQ:CTRM) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $13.33 million for the quarter. Castor Maritime had a net margin of 103.17% and a return on equity of 3.34%.

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.