Castor Maritime Inc. (NASDAQ:CTRM) Sees Significant Increase in Short Interest

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 75,500 shares, a growth of 92.1% from the October 31st total of 39,300 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 54,400 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Castor Maritime

A hedge fund recently raised its stake in Castor Maritime stock. Renaissance Technologies LLC increased its holdings in Castor Maritime Inc. (NASDAQ:CTRM) by 39.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,469 shares of the company’s stock after acquiring an additional 8,400 shares during the quarter. Renaissance Technologies LLC owned about 0.30% of Castor Maritime worth $136,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 1.08% of the company’s stock.

Castor Maritime Stock Performance

Shares of CTRM traded up $0.02 on Thursday, reaching $3.51. The stock had a trading volume of 22,546 shares, compared to its average volume of 63,967. The firm has a market capitalization of $33.87 million, a price-to-earnings ratio of 1.05 and a beta of 0.86. The company has a 50-day simple moving average of $3.92 and a 200-day simple moving average of $4.35. Castor Maritime has a 12-month low of $3.01 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.