Toro Corp. (NASDAQ:TORO) Short Interest Update

Toro Corp. (NASDAQ:TORO) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 15,300 shares, a drop of 61.3% from the September 15th total of 39,500 shares. Based on an average trading volume of 177,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 177,600 shares, the days-to-cover ratio is currently 0.1 days.

Toro Trading Down 1.4%

NASDAQ TORO opened at $4.09 on Monday. Toro has a 1-year low of $1.70 and a 1-year high of $4.94. The stock’s 50 day moving average is $3.23 and its two-hundred day moving average is $2.59. The company has a market capitalization of $78.08 million, a price-to-earnings ratio of 204.60 and a beta of 1.31.

Toro (NASDAQ:TORO) last announced its quarterly earnings results on Wednesday, October 1st. The company reported $0.02 EPS for the quarter. Toro had a return on equity of 2.46% and a net margin of 24.65%.The business had revenue of $4.06 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Toro in a research note on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Toro has an average rating of “Sell”.

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.