C3is Inc. (NASDAQ:CISS) Short Interest Up 187.7% in January

C3is Inc. (NASDAQ:CISS) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 174,310 shares, a growth of 187.7% from the January 15th total of 60,586 shares. Currently, 17.1% of the company’s stock are sold short. Based on an average daily trading volume, of 3,433,868 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 3,433,868 shares, the days-to-cover ratio is currently 0.1 days. Currently, 17.1% of the company’s stock are sold short.

Institutional Investors Weigh In On C3is

An institutional investor recently raised its position in C3is stock. Wexford Capital LP increased its holdings in shares of C3is Inc. (NASDAQ:CISS) by 460.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,014 shares of the company’s stock after purchasing an additional 92,014 shares during the quarter. Wexford Capital LP owned approximately 6.29% of C3is worth $240,000 as of its most recent SEC filing. 10.54% of the stock is owned by hedge funds and other institutional investors.

C3is Stock Down 2.1%

CISS opened at $1.62 on Thursday. The company has a fifty day simple moving average of $6.60 and a 200 day simple moving average of $33.73. C3is has a 12 month low of $1.35 and a 12 month high of $145.20. The stock has a market cap of $1.65 million, a P/E ratio of 0.00 and a beta of 1.96.

Wall Street Analysts Forecast Growth

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

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.