Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Up 49.1% in January

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 7,027 shares, an increase of 49.1% from the January 15th total of 4,714 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 115,408 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 115,408 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Castor Maritime Price Performance

Castor Maritime stock traded up $0.01 during mid-day trading on Friday, reaching $2.17. 27,010 shares of the company’s stock traded hands, compared to its average volume of 80,664. Castor Maritime has a 12-month low of $1.84 and a 12-month high of $2.92. The company has a quick ratio of 5.61, a current ratio of 5.61 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average of $2.20 and a two-hundred day moving average of $2.12. The company has a market cap of $20.96 million, a price-to-earnings ratio of -0.70 and a beta of 1.08.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Castor Maritime stock. Jane Street Group LLC acquired a new stake in shares of Castor Maritime Inc. (NASDAQ:CTRM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,898 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned 0.19% of Castor Maritime at the end of the most recent reporting period. Hedge funds and other 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.