C3is Inc. (NASDAQ:CISS – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 291,627 shares, a growth of 1,401.1% from the September 30th total of 19,428 shares. Based on an average daily trading volume, of 993,119 shares, the short-interest ratio is presently 0.3 days. Approximately 19.6% of the company’s shares are short sold.
C3is Trading Down 4.0%
C3is stock traded down $0.02 during midday trading on Monday, hitting $0.49. The stock had a trading volume of 301,303 shares, compared to its average volume of 770,299. The stock has a market cap of $729,802.00, a P/E ratio of 0.00 and a beta of 1.49. C3is has a 12 month low of $0.46 and a 12 month high of $12,488.00. The business has a fifty day moving average price of $1.33 and a 200 day moving average price of $189.13.
C3is (NASDAQ:CISS – Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $345.57 EPS for the quarter. C3is had a return on equity of 14.94% and a net margin of 41.33%. The company had revenue of $48.09 million during the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of C3is in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.
Read Our Latest Research Report on C3is
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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