Toro Corp. (NASDAQ:TORO) Short Interest Update

Key Points

• Toro Corp. experienced a significant drop in short interest of 34.6% in August, resulting in 41,400 shares short sold, which is about 0.5% of total shares.
• The stock opened at $2.90 and has a 12-month trading range between $1.70 and $3.60.
• For the last quarter, Toro reported earnings of $0.02 per share with a revenue of $5.54 million and a net margin of 21.64%.

Toro Corp. (NASDAQ:TORO - Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 41,400 shares, a drop of 34.6% from the August 15th total of 63,300 shares. Approximately 0.5% of the company's shares are short sold. Based on an average trading volume of 265,700 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 265,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the company's shares are short sold.

Toro Price Performance

Shares of Toro stock opened at $2.90 on Monday. Toro has a 12-month low of $1.70 and a 12-month high of $3.60. The company's fifty day simple moving average is $2.84 and its two-hundred day simple moving average is $2.38.

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

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.

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