Toro Corp. (NASDAQ:TORO) Short Interest Update

Toro Corp. (NASDAQ:TORO) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 63,000 shares, an increase of 53.3% from the October 15th total of 41,100 shares. Based on an average daily trading volume, of 34,700 shares, the short-interest ratio is currently 1.8 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Trading of Toro

A hedge fund recently raised its stake in Toro stock. Renaissance Technologies LLC increased its position in shares of Toro Corp. (NASDAQ:TORO) by 13.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,659 shares of the company’s stock after purchasing an additional 9,459 shares during the quarter. Renaissance Technologies LLC owned 0.41% of Toro worth $311,000 as of its most recent SEC filing. 1.74% of the stock is owned by hedge funds and other institutional investors.

Toro Trading Down 4.5 %

Shares of NASDAQ:TORO traded down $0.12 on Friday, hitting $2.54. 45,339 shares of the company were exchanged, compared to its average volume of 38,135. The firm has a market capitalization of $48.20 million, a P/E ratio of 2.40 and a beta of 2.03. Toro has a 1-year low of $2.50 and a 1-year high of $6.45. The stock’s 50 day moving average price is $3.27 and its 200 day moving average price is $3.70.

Toro Company Profile

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.