C3is Inc. (NASDAQ:CISS) Short Interest Down 93.9% in April

C3is Inc. (NASDAQ:CISS) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 204,000 shares, a decline of 93.9% from the March 31st total of 3,330,000 shares. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 12.5% of the company’s shares are sold short.

C3is Stock Performance

CISS stock traded down $0.01 on Friday, hitting $1.35. 708,190 shares of the company were exchanged, compared to its average volume of 909,419. C3is has a twelve month low of $1.11 and a twelve month high of $2,000.00. The business’s fifty day moving average is $5.84 and its two-hundred day moving average is $28.07.

C3is (NASDAQ:CISS) last released its quarterly earnings data on Tuesday, March 26th. The company reported $25.00 EPS for the quarter. C3is had a return on equity of 19.85% and a net margin of 32.33%. The business had revenue of $13.78 million during the quarter.

C3is Company Profile

C3is Inc provides 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.