Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Up 151.7% in March

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

Castor Maritime Trading Down 1.5%

Shares of CTRM opened at $1.92 on Thursday. The stock’s 50-day moving average is $2.16 and its two-hundred day moving average is $2.12. The stock has a market cap of $18.55 million, a PE ratio of -0.62 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.61 and a quick ratio of 5.61. Castor Maritime has a 12 month low of $1.84 and a 12 month high of $2.65.

Institutional Trading of Castor Maritime

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of Castor Maritime in the fourth quarter valued at $25,000. Jane Street Group LLC purchased a new stake in Castor Maritime during the 4th quarter worth $37,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Castor Maritime by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock worth $61,000 after buying an additional 4,586 shares in the last quarter. Hedge funds and other institutional investors own 1.08% of the company’s stock.

Analyst Ratings Changes

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

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.