Castor Maritime Inc. (NASDAQ:CTRM – Get Free Report) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 25,000 shares, a decrease of 29.8% from the August 31st total of 35,600 shares. Based on an average daily volume of 47,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.
Castor Maritime Stock Up 0.5 %
Castor Maritime stock traded up $0.02 during mid-day trading on Friday, hitting $4.08. The company had a trading volume of 35,747 shares, compared to its average volume of 65,916. The stock has a market cap of $39.41 million, a price-to-earnings ratio of 1.65 and a beta of 0.88. Castor Maritime has a 1 year low of $2.86 and a 1 year high of $6.50. The company has a quick ratio of 10.00, a current ratio of 10.03 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $4.65 and a 200 day moving average of $4.26.
Castor Maritime (NASDAQ:CTRM – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.97 earnings per share (EPS) for the quarter. The business had revenue of $16.28 million for the quarter. Castor Maritime had a net margin of 76.76% and a return on equity of 12.92%.
Hedge Funds Weigh In On Castor Maritime
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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