Short Interest in Castor Maritime Inc. (NASDAQ:CTRM) Rises By 92.1%

Castor Maritime Inc. (NASDAQ:CTRM) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 75,500 shares, an increase of 92.1% from the October 31st total of 39,300 shares. Based on an average daily volume of 54,400 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.8% of the shares of the company are short sold.

Castor Maritime Stock Up 2.4 %

NASDAQ:CTRM traded up $0.08 during mid-day trading on Friday, reaching $3.59. 55,840 shares of the stock were exchanged, compared to its average volume of 63,934. Castor Maritime has a 1 year low of $3.03 and a 1 year high of $6.50. The company has a 50 day simple moving average of $3.89 and a 200-day simple moving average of $4.34. The stock has a market capitalization of $34.68 million, a P/E ratio of 1.07 and a beta of 0.86.

Hedge Funds Weigh In On Castor Maritime

A hedge fund recently raised its position in Castor Maritime stock. Renaissance Technologies LLC increased its holdings in shares of Castor Maritime Inc. (NASDAQ:CTRM) by 39.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,469 shares of the company’s stock after purchasing an additional 8,400 shares during the period. Renaissance Technologies LLC owned 0.30% of Castor Maritime worth $136,000 as of its most recent SEC filing. 1.08% of the stock is currently 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.