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

C3is Inc. (NASDAQ:CISS) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 204,000 shares, a decline of 93.9% from the March 31st total of 3,330,000 shares. Based on an average daily volume of 1,100,000 shares, the short-interest ratio is presently 0.2 days. Currently, 12.5% of the shares of the stock are sold short.

C3is Price Performance

Shares of C3is stock traded down $0.01 on Friday, hitting $1.35. The company’s stock had a trading volume of 708,190 shares, 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 firm has a fifty day moving average price of $5.84 and a 200-day moving average price of $28.07.

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