Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Down 65.2% in January

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 4,714 shares, a drop of 65.2% from the December 31st total of 13,554 shares. Based on an average daily trading volume, of 40,080 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 40,080 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Castor Maritime

A hedge fund recently raised its stake in Castor Maritime stock. Goldman Sachs Group Inc. boosted its position in Castor Maritime Inc. (NASDAQ:CTRM) by 20.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,600 shares of the company’s stock after buying an additional 4,586 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.28% of Castor Maritime worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.08% of the company’s stock.

Castor Maritime Stock Down 10.2%

Shares of NASDAQ CTRM traded down $0.27 during mid-day trading on Friday, reaching $2.37. 110,872 shares of the company’s stock traded hands, compared to its average volume of 77,967. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.61 and a quick ratio of 5.61. The business has a 50-day simple moving average of $2.15 and a 200 day simple moving average of $2.13. The stock has a market cap of $22.89 million, a P/E ratio of -0.77 and a beta of 0.60. Castor Maritime has a 1-year low of $1.84 and a 1-year high of $2.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Castor Maritime in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Castor Maritime has a consensus rating of “Sell”.

About Castor Maritime

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.