Short Interest in C3is Inc. (NASDAQ:CISS) Expands By 13.2%

C3is Inc. (NASDAQ:CISS) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,630,000 shares, a growth of 13.2% from the May 31st total of 1,440,000 shares. Currently, 36.4% of the company’s shares are short sold. Based on an average daily volume of 1,980,000 shares, the short-interest ratio is currently 0.8 days.

C3is Stock Down 0.7 %

Shares of CISS traded down $0.01 during mid-day trading on Monday, hitting $1.38. 171,146 shares of the company traded hands, compared to its average volume of 1,117,540. The company has a market capitalization of $510,785.00 and a PE ratio of 0.05. C3is has a 1-year low of $1.11 and a 1-year high of $144.00. The business has a 50 day moving average of $1.47 and a 200 day moving average of $13.77.

C3is (NASDAQ:CISS) last issued its earnings results on Tuesday, May 28th. The company reported $1.11 earnings per share (EPS) for the quarter. The firm had revenue of $12.79 million during the quarter. C3is had a net margin of 32.12% and a return on equity of 22.99%.

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.