C3is Inc. (NASDAQ:CISS) Short Interest Down 57.9% in December

C3is Inc. (NASDAQ:CISS) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 179,803 shares, a drop of 57.9% from the December 15th total of 427,225 shares. Approximately 10.1% of the company’s stock are short sold. Based on an average daily volume of 2,009,481 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 2,009,481 shares, the short-interest ratio is currently 0.1 days. Approximately 10.1% of the company’s stock are short sold.

Institutional Investors Weigh In On C3is

An institutional investor recently raised its position in C3is stock. Wexford Capital LP grew its holdings in C3is Inc. (NASDAQ:CISS) by 460.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,014 shares of the company’s stock after acquiring an additional 92,014 shares during the period. Wexford Capital LP owned about 6.29% of C3is worth $240,000 at the end of the most recent quarter. Institutional investors own 10.54% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of C3is in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

C3is Price Performance

Shares of CISS stock traded down $0.01 during mid-day trading on Thursday, hitting $0.13. 1,760,222 shares of the stock traded hands, compared to its average volume of 1,967,702. The stock has a market cap of $226,060.00, a P/E ratio of -0.01 and a beta of 1.95. The stock’s fifty day moving average is $0.99 and its two-hundred day moving average is $2.15. C3is has a 52-week low of $0.12 and a 52-week high of $8.22.

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.