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

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 89,600 shares, an increase of 18.7% from the November 15th total of 75,500 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 54,500 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds Weigh In On Castor Maritime

A hedge fund recently bought a new stake in Castor Maritime stock. Towerview LLC purchased a new stake in Castor Maritime Inc. (NASDAQ:CTRM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,500 shares of the company’s stock, valued at approximately $53,000. Castor Maritime makes up approximately 0.0% of Towerview LLC’s holdings, making the stock its 25th largest position. Towerview LLC owned approximately 0.13% of Castor Maritime as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.08% of the company’s stock.

Castor Maritime Trading Down 8.4 %

NASDAQ:CTRM traded down $0.28 during mid-day trading on Friday, reaching $3.05. 202,864 shares of the stock were exchanged, compared to its average volume of 63,983. The business has a fifty day moving average price of $3.75 and a 200 day moving average price of $4.31. Castor Maritime has a 1-year low of $2.83 and a 1-year high of $6.50. The firm has a market capitalization of $29.47 million, a PE ratio of 0.91 and a beta of 0.89.

About Castor Maritime

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.