Short Interest in Charles & Colvard, Ltd. (NASDAQ:CTHR) Drops By 60.5%

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 142,100 shares, a drop of 60.5% from the December 15th total of 359,800 shares. Approximately 7.0% of the company’s stock are sold short. Based on an average trading volume of 114,600 shares, the days-to-cover ratio is currently 1.2 days.

Charles & Colvard, Ltd. Price Performance

NASDAQ CTHR traded up $0.09 during trading on Tuesday, hitting $1.55. The company’s stock had a trading volume of 8,186 shares, compared to its average volume of 24,801. Charles & Colvard, Ltd. has a fifty-two week low of $1.16 and a fifty-two week high of $4.90. The company has a market cap of $4.83 million, a PE ratio of -0.26 and a beta of 1.44. The business’s 50 day simple moving average is $1.38 and its 200-day simple moving average is $1.57.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Charles & Colvard, Ltd. in a report on Monday. They issued a “hold” rating for the company.

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.