C3is Inc. (NASDAQ:CISS) Short Interest Update

C3is Inc. (NASDAQ:CISS) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 36,007 shares, a drop of 56.4% from the June 15th total of 82,532 shares. Based on an average daily volume of 157,075 shares, the short-interest ratio is currently 0.2 days. Approximately 6.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. L1 Global Manager Pty Ltd acquired a new stake in shares of C3is during the fourth quarter worth $198,000. Wexford Capital LP lifted its stake in C3is by 460.1% in the third quarter. Wexford Capital LP now owns 112,014 shares of the company’s stock valued at $240,000 after buying an additional 92,014 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of C3is during the 3rd quarter worth about $29,000. Institutional investors own 10.54% of the company’s stock.

Analysts Set New Price Targets

CISS has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of C3is in a research report on Friday, May 8th. Wall Street Zen upgraded shares of C3is from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, C3is presently has a consensus rating of “Sell”.

C3is Stock Up 5.5%

C3is stock traded up $0.09 during mid-day trading on Wednesday, hitting $1.66. 62,568 shares of the company were exchanged, compared to its average volume of 577,256. C3is has a 1-year low of $1.50 and a 1-year high of $831.59. The company has a market capitalization of $894,240.00, a PE ratio of -0.00 and a beta of 1.28. The business has a fifty day moving average of $2.27 and a 200 day moving average of $8.83.

C3is (NASDAQ:CISS) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $5.24 earnings per share for the quarter. C3is had a net margin of 15.28% and a return on equity of 6.78%. The firm had revenue of $23.15 million for the quarter.

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.