Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Up 85.3% in June

Charles & Colvard, Ltd. (NASDAQ:CTHR) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 63,200 shares, an increase of 85.3% from the May 31st total of 34,100 shares. Based on an average daily volume of 22,200 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.7% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Charles & Colvard, Ltd. in a research note on Thursday. They issued a “hold” rating for the company.

Charles & Colvard, Ltd. Stock Performance

NASDAQ:CTHR traded down $0.03 during mid-day trading on Friday, hitting $1.71. 14,873 shares of the stock were exchanged, compared to its average volume of 24,365. The firm’s 50-day simple moving average is $2.51 and its 200 day simple moving average is $3.34. Charles & Colvard, Ltd. has a fifty-two week low of $1.53 and a fifty-two week high of $9.69.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($1.20) earnings per share for the quarter. The company had revenue of $5.26 million during the quarter. Charles & Colvard, Ltd. had a negative net margin of 77.23% and a negative return on equity of 51.35%.

Charles & Colvard, Ltd. Company Profile

Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally. The company operates in two segments, Online Channels and Traditional. It manufactures, markets, and distributes moissanite jewels and finished moissanite jewelry under the Charles & Colvard Created Moissanite brand; and premium moissanite gemstones under the Forever One brand name.