C3is Inc. (NASDAQ:CISS – Get Free Report) saw a large 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. Based on an average trading volume of 993,119 shares, the short-interest ratio is currently 0.3 days. Currently, 19.6% of the shares of the stock are short sold.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of C3is in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, C3is presently has a consensus rating of “Sell”.
Get Our Latest Stock Report on C3is
C3is Trading Down 3.0%
NASDAQ CISS traded down $0.01 during trading on Tuesday, hitting $0.47. 76,746 shares of the company’s stock were exchanged, compared to its average volume of 487,582. The company has a market cap of $707,750.00, a PE ratio of 0.00 and a beta of 1.49. C3is has a fifty-two week low of $0.46 and a fifty-two week high of $12,488.00. The stock’s 50 day moving average price is $1.33 and its two-hundred day moving average price is $189.13.
C3is (NASDAQ:CISS – Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $345.57 earnings per share for the quarter. The company had revenue of $48.09 million for the quarter. C3is had a net margin of 41.33% and a return on equity of 14.94%.
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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