Short Interest in C3is Inc. (NASDAQ:CISS) Rises By 298.6%

C3is Inc. (NASDAQ:CISS) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 303,700 shares, a growth of 298.6% from the December 15th total of 76,200 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average daily trading volume, of 101,700 shares, the short-interest ratio is currently 3.0 days.

C3is Stock Performance

Shares of NASDAQ CISS traded up $0.01 during mid-day trading on Tuesday, reaching $1.27. The company had a trading volume of 38,680 shares, compared to its average volume of 171,729. C3is has a twelve month low of $1.17 and a twelve month high of $130.00. The stock’s 50 day moving average is $1.94 and its 200-day moving average is $2.70. The stock has a market capitalization of $186,690.00, a PE ratio of 0.05 and a beta of 2.06.

Institutional Investors Weigh In On C3is

An institutional investor recently raised its position in C3is stock. Towerview LLC boosted its holdings in shares of C3is Inc. (NASDAQ:CISS) by 191.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,000 shares of the company’s stock after acquiring an additional 46,000 shares during the quarter. C3is makes up approximately 0.1% of Towerview LLC’s portfolio, making the stock its 24th largest holding. Towerview LLC owned 19.07% of C3is worth $80,000 at the end of the most recent quarter. 10.54% of the stock is currently owned by institutional investors.

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.