Toro Corp. (NASDAQ:TORO - Get Free Report) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 65,600 shares, a drop of 28.9% from the December 31st total of 92,300 shares. Based on an average daily trading volume, of 48,900 shares, the short-interest ratio is presently 1.3 days. Approximately 0.8% of the company's stock are sold short.
Institutional Investors Weigh In On Toro
A hedge fund recently raised its stake in Toro stock. Renaissance Technologies LLC lifted its position in shares of Toro Corp. (NASDAQ:TORO - Free Report) by 13.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,659 shares of the company's stock after purchasing an additional 9,459 shares during the period. Renaissance Technologies LLC owned about 0.41% of Toro worth $311,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.74% of the company's stock.
Toro Stock Up 3.8 %
TORO stock traded up $0.11 during midday trading on Tuesday, hitting $3.02. The company's stock had a trading volume of 50,064 shares, compared to its average volume of 36,625. Toro has a 52-week low of $2.25 and a 52-week high of $6.45. The firm has a market capitalization of $57.32 million, a P/E ratio of 2.89 and a beta of 1.24. The firm has a 50-day simple moving average of $2.86 and a 200-day simple moving average of $3.17.
Toro (NASDAQ:TORO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter. Toro had a net margin of 176.49% and a return on equity of 17.16%. The business had revenue of $5.32 million during the quarter.
About Toro
(
Get Free Report)
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.
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