Short Interest in Castor Maritime Inc. (NASDAQ:CTRM) Decreases By 71.5%

Castor Maritime Inc. (NASDAQ:CTRM) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 20,000 shares, a decline of 71.5% from the December 15th total of 70,200 shares. Based on an average daily trading volume, of 60,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Castor Maritime stock. Towerview LLC purchased a new position in Castor Maritime Inc. (NASDAQ:CTRM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,500 shares of the company’s stock, valued at approximately $53,000. Castor Maritime makes up about 0.0% of Towerview LLC’s holdings, making the stock its 25th largest position. Towerview LLC owned approximately 0.13% of Castor Maritime as of its most recent filing with the Securities and Exchange Commission (SEC). 1.08% of the stock is owned by institutional investors and hedge funds.

Castor Maritime Stock Up 0.4 %

Shares of NASDAQ CTRM traded up $0.01 during midday trading on Monday, hitting $2.77. The stock had a trading volume of 64,105 shares, compared to its average volume of 66,129. The stock has a 50 day simple moving average of $3.25 and a 200-day simple moving average of $4.04. The company has a market capitalization of $26.76 million, a PE ratio of 0.83 and a beta of 0.96. Castor Maritime has a 1 year low of $2.67 and a 1 year high of $5.50.

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.