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

Toro Corp. (NASDAQ:TORO) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 16,000 shares, a drop of 55.7% from the March 15th total of 36,100 shares. Based on an average daily trading volume, of 28,400 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Toro Stock Performance

Shares of NASDAQ TORO opened at $2.03 on Thursday. Toro has a fifty-two week low of $1.70 and a fifty-two week high of $4.85. The company has a market cap of $38.53 million, a PE ratio of 1.92 and a beta of 1.26. The business has a 50-day simple moving average of $2.44 and a two-hundred day simple moving average of $2.79.

Toro (NASDAQ:TORO) last released its earnings results on Tuesday, April 15th. The company reported ($0.01) EPS for the quarter. Toro had a return on equity of 17.16% and a net margin of 176.49%. The company had revenue of $5.23 million during the quarter.

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.