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

C3is Inc. (NASDAQ:CISS) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 427,225 shares, a growth of 486.5% from the November 30th total of 72,842 shares. Currently, 24.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,959,190 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 1,959,190 shares, the short-interest ratio is currently 0.2 days. Currently, 24.0% of the company’s stock are sold short.

Institutional Trading of C3is

An institutional investor recently raised its position in C3is stock. Wexford Capital LP raised its stake in C3is Inc. (NASDAQ:CISS) by 460.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,014 shares of the company’s stock after acquiring an additional 92,014 shares during the period. Wexford Capital LP owned approximately 6.29% of C3is worth $240,000 at the end of the most recent quarter. 10.54% of the stock is currently owned by institutional investors.

C3is Price Performance

Shares of CISS opened at $0.21 on Friday. The company has a market cap of $375,224.00, a PE ratio of -0.01 and a beta of 1.64. The firm has a 50-day moving average of $1.49 and a 200-day moving average of $2.47. C3is has a one year low of $0.20 and a one year high of $11.52.

Analysts Set New Price Targets

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

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.