Toro Corp. (NASDAQ:TORO) Sees Significant Drop in Short Interest

Toro Corp. (NASDAQ:TORO) was the target of a large decline in short interest in 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 daily trading volume, of 43,700 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Toro Stock Performance

Shares of NASDAQ TORO traded up $0.05 during midday trading on Friday, hitting $2.66. The company’s stock had a trading volume of 16,221 shares, compared to its average volume of 30,598. Toro has a 1-year low of $2.25 and a 1-year high of $6.21. The firm’s fifty day moving average price is $2.89 and its 200-day moving average price is $3.06. The firm has a market cap of $50.48 million, a P/E ratio of 2.51 and a beta of 1.24.

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.