C3is Inc. (NASDAQ:CISS) Short Interest Update

C3is Inc. (NASDAQ:CISS) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 179,803 shares, a drop of 57.9% from the December 15th total of 427,225 shares. Based on an average daily volume of 2,009,481 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.1% of the shares of the company are short sold. Approximately 10.1% of the shares of the company are short sold. Based on an average daily volume of 2,009,481 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of C3is in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, C3is has an average rating of “Sell”.

Institutional Trading of C3is

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

C3is Stock Performance

NASDAQ:CISS opened at $0.15 on Wednesday. The firm’s fifty day moving average is $1.03 and its two-hundred day moving average is $2.17. The firm has a market cap of $265,398.00, a price-to-earnings ratio of -0.01 and a beta of 1.95. C3is has a one year low of $0.14 and a one year high of $8.22.

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.