Short Interest in Castor Maritime Inc. (NASDAQ:CTRM) Increases By 76.5%

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 15,480 shares, an increase of 76.5% from the May 31st total of 8,770 shares. Based on an average trading volume of 89,862 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Castor Maritime Stock Performance

Shares of NASDAQ CTRM opened at $2.15 on Thursday. Castor Maritime has a 1 year low of $1.66 and a 1 year high of $2.65. The firm has a market cap of $20.82 million, a P/E ratio of 1.54 and a beta of 1.19. The stock has a fifty day moving average price of $2.05 and a two-hundred day moving average price of $2.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.88 and a current ratio of 6.88.

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

Analyst Upgrades and Downgrades

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, According to data from MarketBeat, Castor Maritime has an average rating of “Sell”.

Institutional Trading of Castor Maritime

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in Castor Maritime by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock worth $61,000 after buying an additional 4,586 shares in the last quarter. Jane Street Group LLC acquired a new stake in Castor Maritime during the fourth quarter valued at $37,000. Virtu Financial LLC purchased a new position in Castor Maritime in the fourth quarter valued at about $25,000. Finally, Renaissance Technologies LLC grew its stake in Castor Maritime by 82.1% in the first 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 in the last quarter. 1.08% of the stock is owned by institutional investors and hedge funds.

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.