C3is Inc. (NASDAQ:CISS) Short Interest Update

C3is Inc. (NASDAQ:CISS) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 303,700 shares, an increase of 298.6% from the December 31st total of 76,200 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average trading volume of 101,700 shares, the days-to-cover ratio is presently 3.0 days.

C3is Price Performance

Shares of CISS stock traded down $0.05 on Tuesday, hitting $1.20. The stock had a trading volume of 211,479 shares, compared to its average volume of 188,241. C3is has a 12-month low of $1.17 and a 12-month high of $45.35. The business has a 50 day moving average of $1.63 and a 200 day moving average of $2.55. The stock has a market cap of $180,000.00, a price-to-earnings ratio of 0.02 and a beta of 2.06.

Institutional Trading of C3is

An institutional investor recently raised its position in C3is stock. Towerview LLC boosted its position in C3is Inc. (NASDAQ:CISS) by 191.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,000 shares of the company’s stock after purchasing an additional 46,000 shares during the period. C3is comprises approximately 0.1% of Towerview LLC’s portfolio, making the stock its 24th biggest holding. Towerview LLC owned 19.07% of C3is worth $80,000 at the end of the most recent reporting period. 10.54% of the stock is currently owned by hedge funds and other institutional investors.

C3is Company Profile

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.