C3is Inc. (NASDAQ:CISS) Short Interest Update

C3is Inc. (NASDAQ:CISS) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 60,614 shares, a decline of 75.9% from the February 26th total of 251,601 shares. Approximately 5.9% of the company’s shares are sold short. Based on an average daily volume of 1,754,665 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 1,754,665 shares, the days-to-cover ratio is presently 0.0 days. Approximately 5.9% of the company’s shares are sold short.

C3is Stock Performance

Shares of CISS opened at $0.84 on Wednesday. The stock has a market capitalization of $859,860.00, a P/E ratio of -0.01 and a beta of 1.91. C3is has a 1 year low of $0.75 and a 1 year high of $118.80. The company’s fifty day moving average is $1.63 and its two-hundred day moving average is $21.12.

C3is (NASDAQ:CISS) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($4.86) earnings per share for the quarter. C3is had a net margin of 30.13% and a return on equity of 2.38%.

Institutional Trading of C3is

Several institutional investors and hedge funds have recently modified their holdings of the business. L1 Global Manager Pty Ltd acquired a new position in C3is in the fourth quarter valued at $198,000. Citadel Advisors LLC acquired a new stake in C3is in the 3rd quarter worth about $29,000. Finally, Wexford Capital LP grew its holdings in C3is by 460.1% in the 3rd quarter. Wexford Capital LP now owns 112,014 shares of the company’s stock valued at $240,000 after buying an additional 92,014 shares during the period. Hedge funds and other institutional investors own 10.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised shares of C3is to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of C3is in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, C3is presently has an average rating of “Sell”.

About C3is

C3is Inc offers international seaborne transportation services. It provides its services to dry bulk charterers, including national and private industrial users, commodity producers and traders, oil producers, refineries, and commodities traders and producers. The company owns and operates a fleet of two drybulk carriers, which transport major bulks, such as iron ore, coal and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers, and one Aframax crude oil tanker that transports crude oil.