Toro Corp. (NASDAQ:TORO) Short Interest Down 74.0% in February

Toro Corp. (NASDAQ:TORO) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 13,700 shares, a decline of 74.0% from the January 31st total of 52,700 shares. Based on an average trading volume of 43,700 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Toro Price Performance

NASDAQ TORO opened at $2.61 on Friday. The stock’s 50 day simple moving average is $2.89 and its 200 day simple moving average is $3.06. Toro has a one year low of $2.25 and a one year high of $6.21. The firm has a market cap of $49.53 million, a PE ratio of 2.46 and a beta of 1.24.

About Toro

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.