Castor Maritime Inc. (NASDAQ:CTRM) Stock Short Interest Report for October

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 6,556 shares, an increase of 80.5% from the September 30th total of 3,632 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 48,228 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Castor Maritime

A hedge fund recently bought a new position in Castor Maritime stock. NewEdge Advisors LLC bought a new stake in Castor Maritime Inc. (NASDAQ:CTRM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,912 shares of the company’s stock, valued at approximately $46,000. NewEdge Advisors LLC owned approximately 0.23% of Castor Maritime at the end of the most recent reporting period. Institutional investors own 1.08% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Castor Maritime from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Castor Maritime Price Performance

Castor Maritime stock traded down $0.10 during trading on Friday, reaching $1.45. The company had a trading volume of 68,690 shares, compared to its average volume of 44,174. The firm’s 50-day simple moving average is $2.04 and its 200 day simple moving average is $2.06. Castor Maritime has a 1-year low of $1.42 and a 1-year high of $2.66. The firm has a market capitalization of $14.01 million, a PE ratio of 0.90 and a beta of 1.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.68 and a current ratio of 4.68.

Castor Maritime (NASDAQ:CTRM) last posted its quarterly earnings data on Monday, September 14th. The company reported $0.31 earnings per share for the quarter. The company had revenue of $25.57 million during the quarter. Castor Maritime had a net margin of 109.09% and a return on equity of 4.69%.

Castor Maritime Company Profile

Castor Maritime Inc is a shipping company that owns and operates vessels used to transport commodities and other cargo by sea. Its activities have primarily focused on the dry bulk sector, serving international trade in goods such as iron ore, coal, grain and other bulk materials.

The company has historically expanded and adjusted its fleet through vessel acquisitions, sales and chartering arrangements. Castor has also participated in the transportation of crude oil, refined petroleum products and containerized cargo through tanker and containership assets.