Short Interest in C3is Inc. (NASDAQ:CISS) Decreases By 73.5%

C3is Inc. (NASDAQ:CISS) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 68,200 shares, a decrease of 73.5% from the November 15th total of 257,100 shares. Based on an average trading volume of 175,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in C3is stock. Towerview LLC boosted its stake in C3is Inc. (NASDAQ:CISS) by 191.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,000 shares of the company’s stock after purchasing an additional 46,000 shares during the period. C3is makes up approximately 0.1% of Towerview LLC’s holdings, making the stock its 24th largest position. Towerview LLC owned about 19.07% of C3is worth $80,000 at the end of the most recent reporting period. Institutional investors own 10.54% of the company’s stock.

C3is Stock Performance

Shares of NASDAQ CISS traded down $0.02 during mid-day trading on Wednesday, hitting $0.73. 112,534 shares of the stock traded hands, compared to its average volume of 686,313. The company has a market cap of $268,497.20, a price-to-earnings ratio of 0.03 and a beta of 2.07. The stock has a fifty day moving average price of $1.04 and a 200-day moving average price of $1.23. C3is has a 52 week low of $0.68 and a 52 week high of $68.49.

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.