C3is Inc. (NASDAQ:CISS) Short Interest Up 13.2% in June

C3is Inc. (NASDAQ:CISS) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,630,000 shares, a growth of 13.2% from the May 31st total of 1,440,000 shares. Currently, 36.4% of the company’s stock are sold short. Based on an average daily trading volume, of 1,980,000 shares, the short-interest ratio is presently 0.8 days.

C3is Trading Down 1.5 %

CISS traded down $0.02 during trading on Wednesday, hitting $1.35. 138,279 shares of the company’s stock traded hands, compared to its average volume of 1,103,167. The company’s 50 day simple moving average is $1.47 and its two-hundred day simple moving average is $13.11. C3is has a 12-month low of $1.11 and a 12-month high of $144.00. The stock has a market capitalization of $499,500.00 and a price-to-earnings ratio of 0.05.

C3is (NASDAQ:CISS) last issued its earnings results on Tuesday, May 28th. The company reported $1.11 EPS for the quarter. C3is had a return on equity of 22.99% and a net margin of 32.12%. The business had revenue of $12.79 million for the quarter.

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.