Castor Maritime Inc. (NASDAQ:CTRM) Stock Short Interest Report for September

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 3,632 shares, a drop of 63.0% from the September 15th total of 9,813 shares. Based on an average daily volume of 60,186 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Castor Maritime

An institutional investor recently bought a new stake in Castor Maritime stock. NewEdge Advisors LLC purchased a new stake in shares of Castor Maritime Inc. (NASDAQ:CTRM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,912 shares of the company’s stock, valued at approximately $46,000. NewEdge Advisors LLC owned 0.23% of Castor Maritime as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 1.08% of the company’s stock.

Castor Maritime Stock Performance

NASDAQ:CTRM traded down $0.03 during trading hours on Tuesday, reaching $1.72. The company had a trading volume of 47,741 shares, compared to its average volume of 55,624. Castor Maritime has a 1-year low of $1.57 and a 1-year high of $2.66. The firm has a market cap of $16.65 million, a PE ratio of 1.07 and a beta of 1.30. The business’s 50 day moving average price is $2.21 and its 200-day moving average price is $2.07. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.68 and a quick ratio of 4.68.

Castor Maritime (NASDAQ:CTRM) last released its quarterly earnings data on Monday, September 14th. The company reported $0.31 EPS for the quarter. The business had revenue of $25.57 million for the quarter. Castor Maritime had a return on equity of 4.69% and a net margin of 109.09%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Castor Maritime from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, September 25th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About Castor Maritime

Castor Maritime Inc (NASDAQ: CTRM) is a maritime transportation company that owns and operates vessels serving international shipping markets. Its business is centered on the transportation of dry bulk commodities, crude oil and refined petroleum products, and containerized cargo.

The company’s fleet has included dry bulk carriers, tankers and containerships. These vessels transport goods such as iron ore, coal, grain, other bulk commodities, petroleum products and manufactured cargo on international trade routes.