Toro Corp. (NASDAQ:TORO) Short Interest Update

Toro Corp. (NASDAQ:TORO) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 40,800 shares, an increase of 197.8% from the February 13th total of 13,700 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 42,800 shares, the short-interest ratio is presently 1.0 days.

Toro Stock Performance

Shares of TORO opened at $2.39 on Friday. Toro has a 12 month low of $2.25 and a 12 month high of $6.06. The firm’s 50 day moving average is $2.84 and its 200-day moving average is $3.00. The stock has a market capitalization of $45.36 million, a PE ratio of 2.25 and a beta of 1.30.

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.