Castor Maritime Inc. (NASDAQ:CTRM) Sees Large Decrease in Short Interest

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 34,300 shares, a decrease of 41.8% from the February 13th total of 58,900 shares. Based on an average daily trading volume, of 53,900 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are short sold.

Castor Maritime Price Performance

CTRM opened at $2.45 on Friday. Castor Maritime has a fifty-two week low of $2.33 and a fifty-two week high of $5.49. The firm has a market capitalization of $23.67 million, a P/E ratio of 0.73 and a beta of 0.78. The company’s 50-day moving average is $2.64 and its 200 day moving average is $3.38.

Hedge Funds Weigh In On Castor Maritime

A hedge fund recently raised its stake in Castor Maritime stock. Squarepoint Ops LLC boosted its position in Castor Maritime Inc. (NASDAQ:CTRM) by 106.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,373 shares of the company’s stock after purchasing an additional 14,602 shares during the quarter. Squarepoint Ops LLC owned about 0.29% of Castor Maritime worth $78,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.08% of the stock is owned by hedge funds and other institutional investors.

About Castor Maritime

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.