C3is (NASDAQ:CISS) Shares Scheduled to Reverse Split on Monday, January 26th

Shares of C3is Inc. (NASDAQ:CISS) are set to reverse split before the market opens on Monday, January 26th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, January 25th.

C3is Price Performance

Shares of CISS stock traded down $0.05 during trading hours on Thursday, reaching $0.09. 23,605,804 shares of the company were exchanged, compared to its average volume of 2,432,809. The stock’s fifty day moving average is $0.77 and its two-hundred day moving average is $2.03. C3is has a fifty-two week low of $0.08 and a fifty-two week high of $7.74.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of C3is in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of C3is

An institutional investor recently raised its position in C3is stock. Wexford Capital LP raised its holdings in C3is Inc. (NASDAQ:CISS) by 460.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,014 shares of the company’s stock after acquiring an additional 92,014 shares during the period. Wexford Capital LP owned about 6.29% of C3is worth $240,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 10.54% of the company’s stock.

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.