Short Interest in Castor Maritime Inc. (NASDAQ: CTRM) Drops By 28%.

Castor Maritime Inc. (NASDAQ: CTRM) saw a big decrease in short rate of interest in December. Since December 31st, there was short passion totalling 2,110,000 shares, a decrease of 29.2% from the December 15th total amount of 2,980,000 shares. Based on an ordinary trading volume of 2,170,000 shares, the days-to-cover proportion is currently 1.0 days.

Castor Maritime Stock May Be Nearing a Base Here.
Hedge funds as well as various other institutional capitalists have just recently changed their holdings of the business. Expert Team Holdings Inc. expanded its setting in Castor Maritime by 66.1% during the 2nd quarter. Consultant Group Holdings Inc. currently owns 16,050 shares of the business’s stock valued at $42,000 after getting an added 6,386 shares during the last quarter. LPL Financial LLC acquired a brand-new setting in Castor Maritime during the 2nd quarter valued at $49,000. Squarepoint Ops LLC purchased a new setting in Castor Maritime throughout the third quarter valued at $54,000. Centuries Administration LLC got a new position in shares of Castor Maritime during the 2nd quarter valued at $66,000. Ultimately, Toroso Investments LLC got a new setting in shares of Castor Maritime throughout the 3rd quarter valued at $81,000. Institutional investors and also hedge funds own 3.04% of the company’s stock.

Shares of Castor Maritime Inc. (NASDAQ: CTRM) traded down $0.07 during trading on Tuesday, striking $1.28. The stock had a trading quantity of 54,032 shares, contrasted to its average quantity of 1,184,940. Castor Maritime has a twelve month low of $1.32 and also an one year high of $19.50. The business has a debt-to-equity proportion of 0.22, an existing ratio of 1.85 as well as a quick ratio of 1.70. The company has a market capitalization of $115.14 million, a PE ratio of 9.00 as well as a beta of 0.40. The firm has a fifty day relocating average of $1.72 and also a two-hundred day relocating standard of $2.09.

Castor Maritime (NASDAQ: CTRM) last released its quarterly earnings data on Monday, November 8th. The business reported $0.16 EPS for the quarter. Castor Maritime had a net margin of 29.17% as well as a return on equity of 9.68%. Business had earnings of $43.28 million for the quarter.

Castor Maritime Business Profile.

Castor Maritime Inc, via its subsidiaries, engages in sea transportation of dry mass freights worldwide. It supplies seaborne transport services for dry mass cargo, including iron ore, coal, grains, steel products, fertilizers, cement, bauxite, sugar, and scrap metals. The company runs three Panamax vessels with a lugging capability of roughly 76,122 deadweight lot.

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Castor Maritime Inc. Announces$ 55.0 Million Financial Debt Financing and New Charter Contract.

astor Maritime Inc. (NASDAQ: CTRM), (” Castor”, or the “Firm”), a varied global shipping business, announces the closing and also drawdown of a $55.0 million senior term lending center with a European financial institution (the “$ 55.0 Million Funding”), via, and secured by, 5 of its dry bulk vessel ship-owning subsidiaries and also guaranteed by the Company. The Company plans to utilize the net earnings from the $55.0 Million Financing for basic corporate functions, including supporting the Firm’s development plans.

The $55.0 Million Funding has a tenor of 5 years and also bears passion at adj. SOFR plus 3.15% per annum.

Mr. Petros Panagiotidis, Ceo of Castor, commented:.

” We more than happy to announce the closing of this brand-new financial obligation funding, our biggest to day, and the beginning of a new connection with a leading European financial institution.

Our company believe that this brand-new financial obligation funding enhances our resources structure and also improves our capacity to seek our strategic objectives and also growth objectives.”.

New Charter Contract.

The M/V Magic Callisto, a 2012 constructed Panamax completely dry bulk provider, has actually been fixed on a time charter agreement at a gross everyday charter rate equal to 101% of the standard of the Baltic Panamax Index 4TC routes1. The charter started on January 12, 2022, and has a minimum duration of nine months as well as an optimum duration of about twelve months (+/- 15 days) at the charterer’s option.

The benchmark vessel utilized in the estimation of the standard of the Baltic Panamax Index 4TC courses is a non-scrubber fitted 74,000 mt dwt vessel (Panamax) with details age, speed – usage, and also layout features.

About Castor Maritime Inc

. Castor Maritime Inc. is an international carrier of shipping transport solutions via its ownership of oceangoing cargo vessels.