Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Down 37.3% in December

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 13,554 shares, a decrease of 37.3% from the December 15th total of 21,628 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 73,390 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 73,390 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Castor Maritime in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Castor Maritime Stock Performance

Castor Maritime stock traded down $0.04 during trading hours on Friday, reaching $2.07. 69,964 shares of the company were exchanged, compared to its average volume of 43,004. Castor Maritime has a 12 month low of $1.84 and a 12 month high of $2.92. The company has a current ratio of 5.61, a quick ratio of 5.61 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $2.11 and a 200 day moving average of $2.13. The firm has a market cap of $20.02 million, a price-to-earnings ratio of -0.67 and a beta of 0.60.

Institutional Trading of Castor Maritime

An institutional investor recently raised its position in Castor Maritime stock. Goldman Sachs Group Inc. boosted its holdings in Castor Maritime Inc. (NASDAQ:CTRM) by 20.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,600 shares of the company’s stock after buying an additional 4,586 shares during the period. Goldman Sachs Group Inc. owned approximately 0.28% of Castor Maritime worth $61,000 as of its most recent SEC filing. Institutional investors own 1.08% of the company’s stock.

Castor Maritime Company Profile

Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.

Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.