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

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

C3is Trading Up 0.8 %

CISS traded up $0.01 during midday trading on Tuesday, reaching $1.27. The company’s stock had a trading volume of 38,680 shares, compared to its average volume of 171,729. C3is has a twelve month low of $1.17 and a twelve month high of $130.00. The company has a fifty day simple moving average of $1.94 and a 200 day simple moving average of $2.70. The stock has a market cap of $186,690.00, a P/E ratio of 0.05 and a beta of 2.06.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in C3is stock. Acadian Asset Management LLC bought a new position in shares of C3is Inc. (NASDAQ:CISS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 269,366 shares of the company’s stock, valued at approximately $374,000. Acadian Asset Management LLC owned about 73.40% of C3is as of its most recent filing with the Securities & Exchange Commission. 10.54% of the stock is currently owned by institutional investors and hedge funds.

C3is Company Profile

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.