C3is Inc. (NASDAQ:CISS) stock is retreating on Tuesday. This decline follows a surge of over 25% on Monday, suggesting a likely sell-the-news reaction or profit-taking from retail traders after the maritime transport company reported its first-quarter financial results for 2026.
Revenue Gains Versus EPS Declines
The Athens-Greece-based ship owner generated revenue of $11.6 million for the three months ended March 31. This represents an increase over the $8.671 million in sales recorded during the same period last year.
However, adjusted earnings per share dropped to $5.24 from $101.88 per share in the first quarter of 2025, according to Benzinga Pro.
C3is Short Interest Report
Traders should note a sharp shift in short interest, which recently climbed from 10,630 shares to 84,980 shares during the last reporting period.
This increase positions 15.72% of the company’s publicly available float short. Based on an average …
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