Toro Corp. (NASDAQ:TORO) Short Interest Update

Toro Corp. (NASDAQ:TORO) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 63,000 shares, an increase of 53.3% from the October 15th total of 41,100 shares. Based on an average daily trading volume, of 34,700 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.7% of the shares of the stock are short sold.

Toro Price Performance

Shares of TORO stock opened at $2.54 on Friday. Toro has a 1-year low of $2.50 and a 1-year high of $6.45. The business’s fifty day moving average price is $3.27 and its 200 day moving average price is $3.70. The firm has a market capitalization of $48.20 million, a PE ratio of 2.40 and a beta of 2.03.

Hedge Funds Weigh In On Toro

An institutional investor recently raised its position in Toro stock. Renaissance Technologies LLC grew its stake in shares of Toro Corp. (NASDAQ:TORO) by 13.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,659 shares of the company’s stock after acquiring an additional 9,459 shares during the period. Renaissance Technologies LLC owned about 0.41% of Toro worth $311,000 at the end of the most recent reporting period. 1.74% of the stock is currently owned by institutional investors.

Toro Company Profile

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.