Short Interest in Toro Corp. (NASDAQ:TORO) Rises By 21.2%

Toro Corp. (NASDAQ:TORO) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 41,100 shares, a growth of 21.2% from the September 30th total of 33,900 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 35,400 shares, the short-interest ratio is currently 1.2 days.

Toro Trading Down 0.6 %

Toro stock opened at $3.23 on Wednesday. Toro has a 12-month low of $3.00 and a 12-month high of $6.45. The firm has a market capitalization of $61.31 million, a price-to-earnings ratio of 1.74 and a beta of 1.98. The firm has a 50 day moving average of $3.38 and a 200 day moving average of $3.81.

Institutional Investors Weigh In On Toro

An institutional investor recently raised its position in Toro stock. Renaissance Technologies LLC boosted its stake in shares of Toro Corp. (NASDAQ:TORO) by 13.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,659 shares of the company’s stock after acquiring an additional 9,459 shares during the period. Renaissance Technologies LLC owned 0.41% of Toro worth $311,000 at the end of the most recent quarter. 1.74% of the stock is owned by institutional investors.

About Toro

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.