C3is Inc. (NASDAQ:CISS) Short Interest Update

C3is Inc. (NASDAQ:CISS) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 303,700 shares, a growth of 298.6% from the December 15th total of 76,200 shares. Based on an average trading volume of 101,700 shares, the short-interest ratio is presently 3.0 days. Approximately 9.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On C3is

An institutional investor recently bought a new position in C3is stock. Acadian Asset Management LLC bought a new position in C3is Inc. (NASDAQ:CISS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 269,366 shares of the company’s stock, valued at approximately $374,000. Acadian Asset Management LLC owned about 73.40% of C3is at the end of the most recent reporting period. 10.54% of the stock is currently owned by institutional investors and hedge funds.

C3is Stock Up 2.3 %

NASDAQ:CISS traded up $0.03 during midday trading on Wednesday, hitting $1.32. The company had a trading volume of 129,665 shares, compared to its average volume of 171,708. The company has a market capitalization of $194,040.00, a PE ratio of 0.06 and a beta of 2.06. C3is has a 52-week low of $1.17 and a 52-week high of $130.00. The stock’s fifty day moving average price is $1.91 and its 200-day moving average price is $2.68.

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.