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

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

Analyst Ratings Changes

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.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Castor Maritime

An institutional investor recently raised its position in Castor Maritime stock. Goldman Sachs Group Inc. increased its stake in Castor Maritime Inc. (NASDAQ:CTRM) by 20.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,600 shares of the company’s stock after purchasing an additional 4,586 shares during the period. Goldman Sachs Group Inc. owned 0.28% of Castor Maritime worth $61,000 as of its most recent SEC filing. 1.08% of the stock is currently owned by institutional investors and hedge funds.

Castor Maritime Price Performance

CTRM opened at $2.02 on Friday. The company has a quick ratio of 5.61, a current ratio of 5.61 and a debt-to-equity ratio of 0.03. Castor Maritime has a 52-week low of $1.84 and a 52-week high of $2.92. The company has a 50 day moving average of $2.11 and a two-hundred day moving average of $2.13. The company has a market cap of $19.51 million, a P/E ratio of -0.65 and a beta of 0.60.

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.