C3is Inc. (NASDAQ:CISS) Short Interest Up 298.6% in January

C3is Inc. (NASDAQ:CISS) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 303,700 shares, an increase of 298.6% from the December 31st total of 76,200 shares. Based on an average daily trading volume, of 101,700 shares, the short-interest ratio is currently 3.0 days. Approximately 9.3% of the shares of the company are short sold.

Hedge Funds Weigh In On C3is

A hedge fund recently raised its stake in C3is stock. Towerview LLC increased its position in C3is Inc. (NASDAQ:CISS) by 191.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,000 shares of the company’s stock after buying an additional 46,000 shares during the period. C3is accounts for 0.1% of Towerview LLC’s portfolio, making the stock its 24th largest holding. Towerview LLC owned 19.07% of C3is worth $80,000 at the end of the most recent quarter. 10.54% of the stock is currently owned by hedge funds and other institutional investors.

C3is Trading Up 5.0 %

CISS traded up $0.06 on Wednesday, reaching $1.26. The company had a trading volume of 32,188 shares, compared to its average volume of 179,958. C3is has a one year low of $1.17 and a one year high of $45.35. The company has a market capitalization of $189,000.00, a P/E ratio of 0.02 and a beta of 2.06. The company has a fifty day moving average of $1.60 and a 200-day moving average of $2.53.

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.