C3is Inc. (NASDAQ:CISS) Short Interest Update

C3is Inc. (NASDAQ:CISS) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 60,614 shares, a decrease of 75.9% from the February 26th total of 251,601 shares. Based on an average trading volume of 1,754,665 shares, the short-interest ratio is currently 0.0 days. Currently, 5.9% of the company’s shares are short sold.

Institutional Investors Weigh In On C3is

Several hedge funds have recently modified their holdings of the business. L1 Global Manager Pty Ltd bought a new position in shares of C3is during the 4th quarter worth approximately $198,000. Wexford Capital LP raised its stake in C3is by 460.1% during the third quarter. Wexford Capital LP now owns 112,014 shares of the company’s stock worth $240,000 after acquiring an additional 92,014 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of C3is during the third quarter valued at $29,000. 10.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on CISS shares. Wall Street Zen raised C3is to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of C3is in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

C3is Stock Up 0.1%

CISS stock traded up $0.00 during trading on Friday, hitting $0.82. 103,849 shares of the company’s stock traded hands, compared to its average volume of 3,912,087. C3is has a 52 week low of $0.75 and a 52 week high of $118.80. The stock has a fifty day moving average price of $1.56 and a two-hundred day moving average price of $20.84. The stock has a market capitalization of $838,440.00, a price-to-earnings ratio of -0.01 and a beta of 1.91.

C3is (NASDAQ:CISS) last issued its quarterly earnings results on Friday, February 20th. The company reported ($4.86) EPS for the quarter. C3is had a net margin of 30.13% and a return on equity of 2.38%. The business had revenue of $10.55 million for the quarter.

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.