Short Interest in Charles & Colvard, Ltd. (NASDAQ:CTHR) Rises By 16.0%

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 57,300 shares, a growth of 16.0% from the October 31st total of 49,400 shares. Based on an average daily trading volume, of 14,800 shares, the short-interest ratio is presently 3.9 days. Currently, 2.8% of the shares of the company are short sold.

Charles & Colvard, Ltd. Price Performance

Shares of NASDAQ CTHR traded down $0.04 during trading hours on Friday, reaching $1.24. 19,885 shares of the stock were exchanged, compared to its average volume of 13,474. Charles & Colvard, Ltd. has a 52 week low of $1.18 and a 52 week high of $4.90. The stock’s fifty day simple moving average is $1.44 and its 200 day simple moving average is $1.73.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Charles & Colvard, Ltd. in a research note on Tuesday, November 26th. They issued a “hold” rating on the stock.

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.