Castor Maritime Inc. (NASDAQ:CTRM) Stock Short Interest Report for September

Castor Maritime Inc. (NASDAQ:CTRM) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 3,632 shares, a decrease of 63.0% from the September 15th total of 9,813 shares. Based on an average trading volume of 60,186 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Castor Maritime

An institutional investor recently bought a new position in Castor Maritime stock. NewEdge Advisors LLC bought a new stake in Castor Maritime Inc. (NASDAQ:CTRM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,912 shares of the company’s stock, valued at approximately $46,000. NewEdge Advisors LLC owned about 0.23% of Castor Maritime at the end of the most recent quarter. Institutional investors own 1.08% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Castor Maritime from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Castor Maritime Price Performance

Shares of NASDAQ:CTRM traded down $0.04 during midday trading on Wednesday, hitting $1.69. The company had a trading volume of 38,983 shares, compared to its average volume of 55,605. Castor Maritime has a twelve month low of $1.57 and a twelve month high of $2.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.68 and a quick ratio of 4.68. The business’s 50-day simple moving average is $2.20 and its 200-day simple moving average is $2.07. The stock has a market cap of $16.28 million, a price-to-earnings ratio of 1.05 and a beta of 1.30.

Castor Maritime (NASDAQ:CTRM) last released its quarterly earnings results on Monday, September 14th. The company reported $0.31 EPS for the quarter. The firm had revenue of $25.57 million for the quarter. Castor Maritime had a net margin of 109.09% and a return on equity of 4.69%.

About Castor Maritime

Castor Maritime Inc (NASDAQ: CTRM) is a maritime transportation company that owns and operates vessels serving international shipping markets. Its business is centered on the transportation of dry bulk commodities, crude oil and refined petroleum products, and containerized cargo.

The company’s fleet has included dry bulk carriers, tankers and containerships. These vessels transport goods such as iron ore, coal, grain, other bulk commodities, petroleum products and manufactured cargo on international trade routes.