Toro Corp. (NASDAQ:TORO) Sees Significant Drop in Short Interest

Toro Corp. (NASDAQ:TORO) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 13,700 shares, a decrease of 74.0% from the January 31st total of 52,700 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 43,700 shares, the short-interest ratio is currently 0.3 days.

Toro Trading Down 3.7 %

NASDAQ:TORO opened at $2.61 on Friday. The firm has a fifty day simple moving average of $2.89 and a 200 day simple moving average of $3.06. Toro has a 1-year low of $2.25 and a 1-year high of $6.21. The stock has a market capitalization of $49.53 million, a PE ratio of 2.46 and a beta of 1.24.

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.