C3is (NASDAQ:CISS) Shares Scheduled to Reverse Split on Monday, January 26th

C3is Inc. (NASDAQ:CISSFree Report) shares are scheduled to reverse split on the morning of Monday, January 26th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, January 25th.

C3is Stock Performance

Shares of CISS traded down $0.05 during midday trading on Thursday, hitting $0.09. The stock had a trading volume of 23,605,804 shares, compared to its average volume of 2,432,809. The company has a 50 day simple moving average of $0.77 and a two-hundred day simple moving average of $2.03. C3is has a twelve month low of $0.08 and a twelve month high of $7.74.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on CISS

Institutional Trading of C3is

A hedge fund recently bought a new stake in C3is stock. Citadel Advisors LLC acquired a new stake in C3is Inc. (NASDAQ:CISSFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 13,221 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.74% of C3is at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.54% of the company’s stock.

About C3is

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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.

Further Reading

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