Castor Maritime Inc. (NASDAQ:CTRM) Short Interest Update

Castor Maritime Inc. (NASDAQ:CTRM) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 12,807 shares, a decrease of 21.7% from the March 31st total of 16,363 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 39,335 shares, the short-interest ratio is presently 0.3 days.

Castor Maritime Trading Down 1.4%

NASDAQ:CTRM traded down $0.03 during mid-day trading on Thursday, hitting $2.07. 25,816 shares of the company’s stock were exchanged, compared to its average volume of 61,423. Castor Maritime has a fifty-two week low of $1.66 and a fifty-two week high of $2.65. The company has a current ratio of 6.44, a quick ratio of 6.41 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $20.00 million, a P/E ratio of -1.29 and a beta of 1.09. The company has a 50 day simple moving average of $1.99 and a 200-day simple moving average of $2.07.

Castor Maritime (NASDAQ:CTRM) last released its quarterly earnings results on Wednesday, April 15th. The company reported $0.24 earnings per share (EPS) for the quarter. Castor Maritime had a net margin of 23.55% and a return on equity of 2.68%. The firm had revenue of $13.33 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Castor Maritime in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Castor Maritime

A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in shares of Castor Maritime by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock worth $61,000 after acquiring an additional 4,586 shares during the last quarter. Jane Street Group LLC acquired a new stake in Castor Maritime during the 4th quarter valued at approximately $37,000. Finally, Virtu Financial LLC acquired a new stake in Castor Maritime during the 4th quarter valued at approximately $25,000. Institutional investors own 1.08% of the company’s stock.

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.