C3is Inc. (NASDAQ:CISS) Short Interest Update

C3is Inc. (NASDAQ:CISS) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 60,614 shares, a drop of 75.9% from the February 26th total of 251,601 shares. Approximately 5.9% of the company’s shares are sold short. Based on an average daily volume of 1,754,665 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 1,754,665 shares, the short-interest ratio is currently 0.0 days. Approximately 5.9% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of C3is in a report on Monday, December 29th. Wall Street Zen raised shares of C3is to a “sell” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat, C3is presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On C3is

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wexford Capital LP lifted its holdings in C3is by 460.1% in the 3rd quarter. Wexford Capital LP now owns 112,014 shares of the company’s stock worth $240,000 after buying an additional 92,014 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of C3is during the third quarter valued at about $29,000. Finally, L1 Global Manager Pty Ltd acquired a new stake in shares of C3is during the fourth quarter valued at about $198,000. Hedge funds and other institutional investors own 10.54% of the company’s stock.

C3is Stock Down 1.4%

NASDAQ CISS opened at $0.84 on Wednesday. C3is has a fifty-two week low of $0.75 and a fifty-two week high of $118.80. The business has a 50 day moving average price of $1.63 and a two-hundred day moving average price of $21.12. The stock has a market cap of $859,860.00, a PE ratio of -0.01 and a beta of 1.91.

C3is (NASDAQ:CISS) last posted its quarterly earnings data on Thursday, February 19th. The company reported ($4.86) earnings per share (EPS) for the quarter. C3is had a net margin of 30.13% and a return on equity of 2.38%.

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.