Short Interest in C3is Inc. (NASDAQ:CISS) Rises By 6.6%

C3is Inc. (NASDAQ:CISSGet Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 697,500 shares, an increase of 6.6% from the September 30th total of 654,500 shares. Based on an average daily volume of 189,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 8.5% of the company’s shares are short sold.

C3is Stock Down 0.4 %

CISS stock traded down $0.01 during midday trading on Wednesday, reaching $1.16. The stock had a trading volume of 61,499 shares, compared to its average volume of 748,066. The business has a fifty day simple moving average of $1.18 and a two-hundred day simple moving average of $1.33. The firm has a market cap of $425,720.00, a price-to-earnings ratio of 0.04 and a beta of 2.93. C3is has a twelve month low of $1.08 and a twelve month high of $68.49.

C3is (NASDAQ:CISSGet Free Report) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.63 EPS for the quarter. C3is had a return on equity of 26.10% and a net margin of 1.97%. The firm had revenue of $10.83 million during the quarter.

Hedge Funds Weigh In On C3is

An institutional investor recently bought a new position in C3is stock. Acadian Asset Management LLC bought a new position in shares of C3is Inc. (NASDAQ:CISSFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 269,366 shares of the company’s stock, valued at approximately $374,000. Acadian Asset Management LLC owned about 73.40% of C3is at the end of the most recent quarter. 10.54% of the stock is owned by institutional investors and hedge funds.

C3is Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for C3is Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C3is and related companies with MarketBeat.com's FREE daily email newsletter.