Castor Maritime Inc. (NASDAQ:CTRM) Sees Significant Increase in Short Interest

Castor Maritime Inc. (NASDAQ:CTRM) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 13,547 shares, an increase of 151.7% from the February 26th total of 5,382 shares. Based on an average daily volume of 85,103 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 85,103 shares, the days-to-cover ratio is presently 0.2 days.

Castor Maritime Price Performance

CTRM opened at $2.00 on Wednesday. Castor Maritime has a 1 year low of $1.84 and a 1 year high of $2.65. The company’s 50 day simple moving average is $2.16 and its 200 day simple moving average is $2.12. The stock has a market capitalization of $19.27 million, a PE ratio of -0.65 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.61 and a current ratio of 5.61.

Analysts Set New Price Targets

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

Institutional Trading of Castor Maritime

Several institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in shares of Castor Maritime during the 4th quarter valued at about $25,000. Jane Street Group LLC purchased a new position in Castor Maritime in the 4th quarter worth approximately $37,000. Finally, Goldman Sachs Group Inc. grew its position in Castor Maritime by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock valued at $61,000 after acquiring an additional 4,586 shares in the last quarter. 1.08% of the stock is owned by hedge funds and other institutional investors.

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.