C3is Inc. (NASDAQ:CISS) Sees Large Increase in Short Interest

C3is Inc. (NASDAQ:CISS) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 630,100 shares, an increase of 20.1% from the January 15th total of 524,700 shares. Based on an average daily trading volume, of 129,600 shares, the short-interest ratio is currently 4.9 days. Currently, 19.3% of the shares of the stock are sold short.

C3is Trading Up 3.4 %

NASDAQ CISS opened at $1.20 on Monday. The firm has a market cap of $180,000.00, a price-to-earnings ratio of 0.02 and a beta of 2.06. The company has a 50 day moving average of $1.40 and a 200-day moving average of $2.33. C3is has a 1-year low of $1.09 and a 1-year high of $33.63.

Institutional Trading of C3is

An institutional investor recently raised its position in C3is stock. Towerview LLC boosted its stake in C3is Inc. (NASDAQ:CISS) by 191.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the company’s stock after acquiring an additional 46,000 shares during the quarter. C3is accounts for 0.1% of Towerview LLC’s portfolio, making the stock its 24th largest position. Towerview LLC owned approximately 19.07% of C3is worth $80,000 as of its most recent filing with the Securities and Exchange Commission. 10.54% of the stock is currently owned by institutional investors and hedge funds.

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.