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

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

C3is Stock Up 1.6 %

Shares of C3is stock traded up $0.02 during trading on Monday, hitting $1.26. The stock had a trading volume of 64,667 shares, compared to its average volume of 190,722. The stock has a 50 day simple moving average of $1.98 and a 200 day simple moving average of $2.72. The company has a market capitalization of $185,220.00, a PE ratio of 0.05 and a beta of 2.06. C3is has a 1 year low of $1.17 and a 1 year high of $130.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in C3is stock. Acadian Asset Management LLC purchased a new position in shares of C3is Inc. (NASDAQ:CISS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 269,366 shares of the company’s stock, valued at approximately $374,000. Acadian Asset Management LLC owned 73.40% of C3is as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.