C3is Inc. (NASDAQ:CISS) Short Interest Update

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

C3is Price Performance

C3is stock traded up $0.01 during trading hours on Friday, hitting $1.19. The company had a trading volume of 36,046 shares, compared to its average volume of 741,839. The firm’s fifty day moving average is $1.17 and its 200-day moving average is $1.33. The firm has a market capitalization of $440,300.00, a P/E ratio of 0.03 and a beta of 2.93. C3is has a fifty-two week low of $1.08 and a fifty-two week high of $68.49.

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

Institutional Investors Weigh In On C3is

An institutional investor recently bought a new position in C3is stock. Acadian Asset Management LLC bought a new stake in C3is Inc. (NASDAQ:CISS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 269,366 shares of the company’s stock, valued at approximately $374,000. Acadian Asset Management LLC owned about 73.40% of C3is as of its most recent SEC filing. Institutional investors and hedge funds own 10.54% of the company’s stock.

About C3is

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.