Castor Maritime Inc. (NASDAQ:CTRM – Get Free Report) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 34,300 shares, a decrease of 41.8% from the February 13th total of 58,900 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 53,900 shares, the short-interest ratio is currently 0.6 days.
Castor Maritime Stock Performance
Shares of Castor Maritime stock traded down $0.02 during trading on Friday, hitting $2.45. The company’s stock had a trading volume of 44,438 shares, compared to its average volume of 45,706. The company has a market capitalization of $23.67 million, a PE ratio of 0.73 and a beta of 0.78. The company has a fifty day simple moving average of $2.64 and a two-hundred day simple moving average of $3.37. Castor Maritime has a 52 week low of $2.33 and a 52 week high of $5.49.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Castor Maritime stock. Towerview LLC boosted its stake in shares of Castor Maritime Inc. (NASDAQ:CTRM – Free Report) by 1,820.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 240,000 shares of the company’s stock after purchasing an additional 227,500 shares during the period. Castor Maritime comprises 0.5% of Towerview LLC’s portfolio, making the stock its 17th largest holding. Towerview LLC owned about 2.48% of Castor Maritime worth $660,000 as of its most recent filing with the Securities & Exchange Commission. 1.08% of the stock is owned by hedge funds and other institutional investors.
About Castor Maritime
Castor Maritime Inc provides shipping services worldwide. The company operates through Dry Bulk Vessels and Containerships segments. It offers seaborne transportation services for dry bulk cargo; and commodities, such as iron ore, coal, soybeans, etc. As of December 31, 2023, the company owned and operated a fleet of 17 vessels primarily consisting of one Capesize, five Kamsarmax, two Handysize tanker vessels, and nine Panamax dry bulk vessels, as well as two 2,700 TEU containership vessels.
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