Castor Maritime Inc. (NASDAQ:CTRM – Get Free Report) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 39,300 shares, an increase of 46.6% from the October 15th total of 26,800 shares. Based on an average daily volume of 48,100 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are sold short.
Hedge Funds Weigh In On Castor Maritime
An institutional investor recently raised its position in Castor Maritime stock. Renaissance Technologies LLC increased its holdings in Castor Maritime Inc. (NASDAQ:CTRM – Free Report) by 39.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,469 shares of the company’s stock after purchasing an additional 8,400 shares during the period. Renaissance Technologies LLC owned approximately 0.30% of Castor Maritime worth $136,000 as of its most recent SEC filing. 1.08% of the stock is owned by institutional investors.
Castor Maritime Stock Up 1.1 %
NASDAQ:CTRM traded up $0.04 during mid-day trading on Thursday, hitting $3.68. 326,182 shares of the stock traded hands, compared to its average volume of 64,775. The business’s 50-day moving average price is $4.08 and its 200 day moving average price is $4.34. The company has a market cap of $35.55 million, a PE ratio of 1.09 and a beta of 0.86. Castor Maritime has a 12-month low of $2.90 and a 12-month high of $6.50.
Castor Maritime Company Profile
Castor Maritime Inc provides shipping services worldwide. The company operates through Dry Bulk Vessels and Containerships segments. It offers seaborne transportation services for dry bulk cargo; and commodities, such as iron ore, coal, soybeans, etc. As of December 31, 2023, the company owned and operated a fleet of 17 vessels primarily consisting of one Capesize, five Kamsarmax, two Handysize tanker vessels, and nine Panamax dry bulk vessels, as well as two 2,700 TEU containership vessels.
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