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

C3is Inc. (NASDAQ:CISS) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 204,000 shares, a drop of 93.9% from the March 31st total of 3,330,000 shares. Currently, 12.5% of the company’s shares are sold short. Based on an average trading volume of 1,100,000 shares, the days-to-cover ratio is presently 0.2 days.

C3is Stock Down 0.7 %

NASDAQ CISS traded down $0.01 during mid-day trading on Friday, reaching $1.35. 708,190 shares of the stock were exchanged, compared to its average volume of 909,419. C3is has a 1-year low of $1.11 and a 1-year high of $2,000.00. The business’s fifty day simple moving average is $5.84 and its 200 day simple moving average is $28.07.

C3is (NASDAQ:CISS) last announced its earnings results on Tuesday, March 26th. The company reported $25.00 earnings per share (EPS) for the quarter. C3is had a net margin of 32.33% and a return on equity of 19.85%. The firm had revenue of $13.78 million for the quarter.

About C3is

C3is Inc provides 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.