Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Up 5.5% in July

Charles & Colvard, Ltd. (NASDAQ:CTHR) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 66,600 shares, a growth of 5.5% from the June 30th total of 63,100 shares. Based on an average trading volume of 23,700 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.9% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Charles & Colvard, Ltd. in a research note on Monday. They issued a “hold” rating on the stock.

Charles & Colvard, Ltd. Trading Up 1.1 %

Shares of CTHR stock traded up $0.02 on Wednesday, reaching $1.82. The company’s stock had a trading volume of 4,248 shares, compared to its average volume of 16,823. Charles & Colvard, Ltd. has a 12-month low of $1.53 and a 12-month high of $9.15. The stock’s 50 day simple moving average is $1.96 and its 200-day simple moving average is $2.99.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($1.20) earnings per share for the quarter. The business 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%.

About Charles & Colvard, Ltd.

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.