Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Down 23.1% in February

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 5,402 shares, a decline of 23.1% from the January 29th total of 7,027 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 47,185 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 47,185 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in Castor Maritime by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock valued at $61,000 after buying an additional 4,586 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Castor Maritime in the 4th quarter worth about $25,000. Finally, Jane Street Group LLC bought a new position in Castor Maritime in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 1.08% of the company’s stock.

Analyst Upgrades and Downgrades

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

Castor Maritime Stock Up 2.8%

CTRM traded up $0.06 during midday trading on Monday, reaching $2.24. The company’s stock had a trading volume of 137,395 shares, compared to its average volume of 67,272. Castor Maritime has a 1 year low of $1.84 and a 1 year high of $2.84. The stock’s 50-day moving average is $2.19 and its 200-day moving average is $2.12. The firm has a market capitalization of $21.64 million, a price-to-earnings ratio of -0.72 and a beta of 1.00. The company has a current ratio of 5.61, a quick ratio of 5.61 and a debt-to-equity ratio of 0.03.

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.