Caravelle International Group (NASDAQ:CACO) Sees Large Decline in Short Interest

Caravelle International Group (NASDAQ:CACO) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 61,900 shares, a decline of 25.1% from the August 15th total of 82,600 shares. Based on an average daily volume of 134,700 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the company’s shares are sold short.

Caravelle International Group Stock Up 7.8 %

CACO traded up $0.02 on Tuesday, reaching $0.34. 2,988 shares of the company’s stock were exchanged, compared to its average volume of 115,825. Caravelle International Group has a twelve month low of $0.21 and a twelve month high of $1.21. The company’s 50 day moving average is $0.43 and its 200-day moving average is $0.67.

About Caravelle International Group

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through two segments, Ocean Transportation and Heating Business. It provides international shipping services and carbon-neutral solutions for wood desiccation.