C3is Inc. (NASDAQ:CISS) Short Interest Update

C3is Inc. (NASDAQ:CISS) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 188,300 shares, an increase of 92.9% from the August 31st total of 97,600 shares. Currently, 29.3% of the shares of the stock are sold short. Based on an average daily volume of 278,400 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 278,400 shares, the short-interest ratio is presently 0.7 days. Currently, 29.3% of the shares of the stock are sold short.

C3is Stock Performance

Shares of CISS opened at $2.21 on Tuesday. The company’s fifty day moving average is $2.74 and its two-hundred day moving average is $3.33. The stock has a market capitalization of $2.04 million, a P/E ratio of -0.12 and a beta of 1.61. C3is has a 1 year low of $2.00 and a 1 year high of $18.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of C3is in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.