Short Interest in Toro Corp. (NASDAQ:TORO) Declines By 38.7%

Key Points

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Toro Corp. (NASDAQ:TORO - Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 62,600 shares, adeclineof38.7% from the July 15th total of 102,200 shares. Currently,0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 267,900 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 267,900 shares, the days-to-cover ratio is presently 0.2 days. Currently,0.7% of the shares of the company are short sold.

Toro Stock Performance

TORO traded down $0.02 during trading on Friday, hitting $2.75. The stock had a trading volume of 20,049 shares, compared to its average volume of 47,794. The company's 50-day moving average price is $2.67 and its 200 day moving average price is $2.38. Toro has a twelve month low of $1.70 and a twelve month high of $3.80.

Toro (NASDAQ:TORO - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.02 earnings per share for the quarter. Toro had a net margin of 21.64% and a return on equity of 2.31%. The business had revenue of $5.54 million for the quarter.

About Toro

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.