Short Interest in Toro Corp. (NASDAQ:TORO) Expands By 311.3%

Toro Corp. (NASDAQ:TORO) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 32,900 shares, a growth of 311.3% from the August 31st total of 8,000 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 34,500 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Toro stock. Renaissance Technologies LLC boosted its position in Toro Corp. (NASDAQ:TORO) by 13.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,659 shares of the company’s stock after purchasing an additional 9,459 shares during the period. Renaissance Technologies LLC owned about 0.41% of Toro worth $311,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.74% of the company’s stock.

Toro Stock Down 0.6 %

NASDAQ:TORO traded down $0.02 on Wednesday, hitting $3.35. The stock had a trading volume of 1,010 shares, compared to its average volume of 38,618. The stock has a market cap of $63.58 million, a price-to-earnings ratio of 1.21 and a beta of 1.98. The business’s 50-day simple moving average is $3.51 and its two-hundred day simple moving average is $4.16. Toro has a 52-week low of $3.00 and a 52-week high of $6.45.

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.