C3is Inc. (NASDAQ:CISS) Sees Large Growth in Short Interest

C3is Inc. (NASDAQ:CISSGet Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 427,225 shares, an increase of 486.5% from the November 30th total of 72,842 shares. Based on an average trading volume of 1,959,190 shares, the days-to-cover ratio is currently 0.2 days. Approximately 24.0% of the company’s shares are short sold. Approximately 24.0% of the company’s shares are short sold. Based on an average trading volume of 1,959,190 shares, the days-to-cover ratio is currently 0.2 days.

C3is Stock Down 4.6%

CISS stock opened at $0.21 on Thursday. C3is has a twelve month low of $0.20 and a twelve month high of $11.52. The firm has a market cap of $373,800.00, a price-to-earnings ratio of -0.01 and a beta of 1.64. The business’s fifty day simple moving average is $1.56 and its two-hundred day simple moving average is $2.50.

Institutional Investors Weigh In On C3is

An institutional investor recently raised its position in C3is stock. Wexford Capital LP grew its stake in C3is Inc. (NASDAQ:CISSFree Report) by 460.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,014 shares of the company’s stock after acquiring an additional 92,014 shares during the period. Wexford Capital LP owned 6.29% of C3is worth $240,000 at the end of the most recent reporting period. 10.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of C3is in a report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, C3is currently has a consensus rating of “Sell”.

Read Our Latest Research Report on C3is

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.

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