C3is Inc. (NASDAQ:CISS) Short Interest Down 21.4% in July

C3is Inc. (NASDAQ:CISS) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 895,700 shares, a decline of 21.4% from the June 30th total of 1,140,000 shares. Based on an average trading volume of 1,230,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 17.4% of the company’s shares are sold short.

C3is Stock Down 1.5 %

Shares of CISS stock traded down $0.02 during trading hours on Tuesday, reaching $1.35. 135,360 shares of the stock traded hands, compared to its average volume of 1,001,759. C3is has a 1-year low of $1.11 and a 1-year high of $71.42. The business has a fifty day moving average price of $1.46 and a 200 day moving average price of $6.17. The firm has a market capitalization of $499,500.00 and a PE ratio of 0.04.

C3is (NASDAQ:CISS) last announced its quarterly earnings data on Tuesday, May 28th. The company reported $1.11 EPS for the quarter. C3is had a net margin of 32.12% and a return on equity of 22.99%. The firm 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.