Toro Corp. (NASDAQ:TORO) Short Interest Up 25.1% in December

Toro Corp. (NASDAQ:TORO - Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 85,300 shares, a growth of 25.1% from the November 30th total of 68,200 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 46,200 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

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 its most recent 13F filing with the SEC. The firm owned 77,659 shares of the company's stock after acquiring an additional 9,459 shares during the quarter. Renaissance Technologies LLC owned approximately 0.41% of Toro worth $311,000 at the end of the most recent quarter. 1.74% of the stock is currently owned by hedge funds and other institutional investors.

Toro Stock Down 1.4 %

TORO traded down $0.04 during trading on Friday, hitting $2.84. 34,970 shares of the company traded hands, compared to its average volume of 40,678. Toro has a one year low of $2.25 and a one year high of $6.45. The stock's fifty day moving average is $2.85 and its 200 day moving average is $3.33. The firm has a market cap of $53.90 million, a P/E ratio of 2.68 and a beta of 1.55.

Toro Company Profile

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.