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

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

Analysts Set New Price Targets

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

Charles & Colvard, Ltd. Price Performance

Shares of CTHR traded down $0.08 during mid-day trading on Friday, reaching $1.44. 12,575 shares of the company’s stock were exchanged, compared to its average volume of 23,044. The business’s fifty day simple moving average is $1.44 and its 200-day simple moving average is $1.56. The stock has a market capitalization of $4.49 million, a PE ratio of -0.24 and a beta of 1.41. Charles & Colvard, Ltd. has a 52-week low of $1.16 and a 52-week high of $4.40.

About Charles & Colvard, Ltd.

Charles & Colvard Ltd. engages in the manufacture and distribution of moissanite jewels and finished jewelry featuring moissanite for sale in the worldwide jewelry market. It operates through the following business segments: Online Channels and Traditional. The Online Channels segment refers to the e-commerce outlets, including charlesandcolvard.com, third-party online marketplaces, drop-ship, other pure-play, and e-commerce outlets.