C3is Inc. (NASDAQ:CISS) Stock Short Interest Falls 77.8%

C3is Inc. (NASDAQ:CISS) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 20,750 shares, a decrease of 77.8% from the August 31st total of 93,408 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 286,443 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of C3is in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

C3is Stock Performance

Shares of C3is stock traded down $0.01 during trading on Friday, hitting $1.11. 261,600 shares of the stock traded hands, compared to its average volume of 1,215,447. The stock has a market cap of $1.65 million, a P/E ratio of 0.00 and a beta of 1.41. The company has a fifty day moving average price of $7.44 and a two-hundred day moving average price of $98.41. C3is has a twelve month low of $1.00 and a twelve month high of $33,263.44.

C3is (NASDAQ:CISS) last released its quarterly earnings data on Thursday, August 27th. The company reported $345.57 EPS for the quarter. The firm had revenue of $48.09 million for the quarter. C3is had a return on equity of 14.94% and a net margin of 41.33%.

Institutional Investors Weigh In On C3is

An institutional investor recently bought a new position in C3is stock. L1 Global Manager Pty Ltd bought a new position in shares of C3is Inc. (NASDAQ:CISS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 861,260 shares of the company’s stock, valued at approximately $198,000. L1 Global Manager Pty Ltd owned about 84.44% of C3is at the end of the most recent reporting period. Institutional investors own 10.54% of the company’s stock.

About C3is

C3is Inc is a maritime transportation company that owns and operates oceangoing vessels. The company’s fleet has primarily consisted of crude oil tankers and dry bulk carriers, which transport energy products and commodities across international shipping routes.

C3is provides seaborne transportation services to charterers and commercial counterparties in global markets. Its operations are exposed to the international tanker and dry bulk sectors, with vessels typically employed under voyage or time-charter arrangements depending on market conditions and fleet strategy.

The company is incorporated in the Marshall Islands and maintains its principal executive offices in Athens, Greece, reflecting its focus on the international shipping industry.