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

C3is Inc. (NASDAQ:CISS) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 188,300 shares, an increase of 92.9% from the August 31st total of 97,600 shares. Based on an average daily trading volume, of 278,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 29.3% of the shares of the company are short sold. Currently, 29.3% of the shares of the company are short sold. Based on an average daily trading volume, of 278,400 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of C3is in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

C3is Trading Up 0.4%

C3is stock opened at $2.24 on Monday. C3is has a 1-year low of $2.00 and a 1-year high of $18.75. The firm has a market capitalization of $2.06 million, a price-to-earnings ratio of -0.12 and a beta of 1.61. The firm has a 50 day simple moving average of $2.76 and a 200 day simple moving average of $3.34.

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.