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

Toro Corp. (NASDAQ:TORO) was the recipient of a significant decrease in short interest in 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. Based on an average daily trading volume, of 43,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Toro Stock Up 1.9 %

Shares of NASDAQ TORO opened at $2.66 on Friday. The stock’s 50 day moving average price is $2.89 and its two-hundred day moving average price is $3.05. Toro has a 52-week low of $2.25 and a 52-week high of $6.21. The stock has a market capitalization of $50.48 million, a P/E ratio of 2.51 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.