C3is Inc. (NASDAQ:CISS – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 291,627 shares, an increase of 1,401.1% from the September 30th total of 19,428 shares. Approximately 19.6% of the company’s shares are sold short. Based on an average daily trading volume, of 993,119 shares, the days-to-cover ratio is presently 0.3 days.
C3is Stock Performance
NASDAQ CISS traded down $0.02 during trading hours on Monday, hitting $0.49. The company had a trading volume of 301,303 shares, compared to its average volume of 770,299. C3is has a 1-year low of $0.46 and a 1-year high of $12,488.00. The company has a market cap of $729,802.00, a PE ratio of 0.00 and a beta of 1.49. The business has a 50 day moving average of $1.33 and a 200-day moving average of $189.13.
C3is (NASDAQ:CISS – Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $345.57 EPS for the quarter. C3is had a net margin of 41.33% and a return on equity of 14.94%. The business had revenue of $48.09 million for the quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of C3is in a research note on Wednesday, August 5th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Check Out Our Latest Analysis on C3is
About C3is
C3is Inc is a maritime transportation company incorporated in the Marshall Islands. The company owns and operates oceangoing vessels that transport commodities through international shipping routes.
C3is’s principal business activities include the transportation of crude oil and dry bulk commodities. Its dry bulk vessels may carry cargoes such as grain, coal and other bulk materials, while its tanker operations support the seaborne movement of crude oil. The company’s vessels serve global markets and may operate under spot or time charter arrangements.
C3is was incorporated in 2021 and is led by Chief Executive Officer Petros Panagiotidis.
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