Caravelle International Group (NASDAQ:HTCO) Sees Significant Drop in Short Interest

Caravelle International Group (NASDAQ:HTCO) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 428,616 shares, a drop of 45.6% from the April 15th total of 787,818 shares. Based on an average daily trading volume, of 1,875,814 shares, the short-interest ratio is presently 0.2 days. Approximately 5.9% of the company’s stock are short sold.

Caravelle International Group Price Performance

Shares of NASDAQ HTCO traded down $0.20 on Monday, reaching $6.17. 262,222 shares of the company’s stock traded hands, compared to its average volume of 571,445. Caravelle International Group has a 12 month low of $4.55 and a 12 month high of $56.59. The business’s 50 day simple moving average is $9.36 and its two-hundred day simple moving average is $9.99.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Caravelle International Group in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Caravelle International Group currently has a consensus rating of “Sell”.

About Caravelle International Group

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through Ocean Transportation and Heating Business segments. It provides international shipping services and carbon-neutral solutions for wood desiccation. Caravelle International Group also provides seaborne transportation services under the voyage contracts. The company provides vessel services on behalf of ship owners. Caravelle International Group is headquartered in Singapore.