Castor Maritime Inc. (NASDAQ:CTRM – Get Free Report) saw a large growth in short interest during the month of 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. Based on an average daily trading volume, of 54,400 shares, the short-interest ratio is currently 1.4 days. Currently, 0.8% of the company’s stock are short sold.
Castor Maritime Stock Performance
Shares of NASDAQ:CTRM traded up $0.08 on Friday, hitting $3.59. 55,840 shares of the company’s stock were exchanged, compared to its average volume of 63,934. Castor Maritime has a 1-year low of $3.03 and a 1-year high of $6.50. The company has a market capitalization of $34.68 million, a PE ratio of 1.07 and a beta of 0.86. The firm’s 50-day moving average is $3.89 and its 200 day moving average is $4.34.
Hedge Funds Weigh In On Castor Maritime
An institutional investor recently raised its position in Castor Maritime stock. Renaissance Technologies LLC lifted its stake in shares of Castor Maritime Inc. (NASDAQ:CTRM – Free Report) by 39.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,469 shares of the company’s stock after buying an additional 8,400 shares during the quarter. Renaissance Technologies LLC owned about 0.30% of Castor Maritime worth $136,000 at the end of the most recent reporting period. 1.08% of the stock is owned by institutional investors and hedge funds.
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.
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