C3is Inc. (NASDAQ:CISS) Short Interest Down 13.9% in September

C3is Inc. (NASDAQ:CISS) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 728,800 shares, a drop of 13.9% from the August 31st total of 846,800 shares. Based on an average daily trading volume, of 260,700 shares, the short-interest ratio is presently 2.8 days. Currently, 8.0% of the company’s shares are sold short.

C3is Stock Performance

CISS traded up $0.02 during mid-day trading on Friday, reaching $1.12. The stock had a trading volume of 280,008 shares, compared to its average volume of 824,389. The stock has a market capitalization of $411,040.00, a P/E ratio of 0.04 and a beta of 2.92. The firm’s fifty day simple moving average is $1.24 and its two-hundred day simple moving average is $1.74. C3is has a 52 week low of $1.08 and a 52 week high of $68.49.

C3is (NASDAQ:CISS) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.63 EPS for the quarter. The firm had revenue of $10.83 million for the quarter. C3is had a return on equity of 26.10% and a net margin of 1.97%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in C3is stock. Acadian Asset Management LLC purchased a new stake in C3is Inc. (NASDAQ:CISS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 269,366 shares of the company’s stock, valued at approximately $374,000. Acadian Asset Management LLC owned 73.40% of C3is as of its most recent SEC filing. 10.54% of the stock is currently owned by institutional investors.

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.