C3is Inc. (NASDAQ:CISS) Sees Large Growth in Short Interest

C3is Inc. (NASDAQ:CISS) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 269,000 shares, an increase of 42.9% from the September 15th total of 188,300 shares. Currently, 41.9% of the company’s stock are short sold. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is presently 0.2 days. Currently, 41.9% of the company’s stock are short sold.

C3is Price Performance

NASDAQ CISS opened at $2.14 on Friday. The company has a fifty day moving average of $2.48 and a two-hundred day moving average of $3.19. The company has a market capitalization of $3.81 million, a PE ratio of -0.12 and a beta of 1.61. C3is has a 1 year low of $2.00 and a 1 year high of $18.60.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of C3is in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, C3is has a consensus rating of “Sell”.

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.