Toro Corp. (NASDAQ:TORO) Sees Large Increase in Short Interest

Toro Corp. (NASDAQ:TORO) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 32,900 shares, a growth of 311.3% from the August 31st total of 8,000 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 34,500 shares, the days-to-cover ratio is presently 1.0 days.

Toro Trading Down 0.3 %

NASDAQ TORO traded down $0.01 during trading hours on Friday, reaching $3.40. 20,710 shares of the company’s stock were exchanged, compared to its average volume of 38,549. The firm has a fifty day moving average of $3.50 and a 200-day moving average of $4.15. Toro has a one year low of $3.00 and a one year high of $6.45. The stock has a market cap of $64.53 million, a PE ratio of 1.25 and a beta of 1.98.

Institutional Trading of Toro

An institutional investor recently raised its position in Toro stock. Renaissance Technologies LLC increased its stake in shares of Toro Corp. (NASDAQ:TORO) by 13.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,659 shares of the company’s stock after buying an additional 9,459 shares during the period. Renaissance Technologies LLC owned 0.41% of Toro worth $311,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.74% of the company’s stock.

About Toro

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.