Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Update

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

Castor Maritime Price Performance

NASDAQ CTRM traded down $0.02 during mid-day trading on Friday, reaching $2.45. 44,438 shares of the stock were exchanged, compared to its average volume of 45,706. Castor Maritime has a one year low of $2.33 and a one year high of $5.49. The stock has a 50 day simple moving average of $2.64 and a 200-day simple moving average of $3.37. The stock has a market cap of $23.67 million, a P/E ratio of 0.73 and a beta of 0.78.

Institutional Investors Weigh In On Castor Maritime

An institutional investor recently raised its position in Castor Maritime stock. Squarepoint Ops LLC increased its position in shares of Castor Maritime Inc. (NASDAQ:CTRM) by 106.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,373 shares of the company’s stock after purchasing an additional 14,602 shares during the quarter. Squarepoint Ops LLC owned approximately 0.29% of Castor Maritime worth $78,000 as of its most recent SEC filing. Institutional investors own 1.08% of the company’s stock.

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.