C3is Inc. (NASDAQ:CISS – Get Free Report) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 303,700 shares, a growth of 298.6% from the December 31st total of 76,200 shares. Approximately 9.3% of the shares of the company are short sold. Based on an average trading volume of 101,700 shares, the short-interest ratio is presently 3.0 days.
Institutional Trading of C3is
An institutional investor recently raised its position in C3is stock. Towerview LLC boosted its holdings in C3is Inc. (NASDAQ:CISS – Free Report) by 191.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,000 shares of the company’s stock after buying an additional 46,000 shares during the period. C3is makes up about 0.1% of Towerview LLC’s investment portfolio, making the stock its 24th largest position. Towerview LLC owned about 19.07% of C3is worth $80,000 at the end of the most recent quarter. 10.54% of the stock is currently owned by institutional investors.
C3is Price Performance
CISS traded down $0.10 on Thursday, hitting $1.17. The company had a trading volume of 37,318 shares, compared to its average volume of 178,271. The stock has a market cap of $175,500.00, a price-to-earnings ratio of 0.02 and a beta of 2.06. The company’s fifty day moving average price is $1.59 and its 200 day moving average price is $2.52. C3is has a 1-year low of $1.17 and a 1-year high of $43.03.
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.
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