Caravelle International Group (NASDAQ:CACO) Short Interest Down 25.1% in August

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

Caravelle International Group Trading Up 7.8 %

NASDAQ:CACO traded up $0.02 during trading hours on Tuesday, reaching $0.34. The company had a trading volume of 2,988 shares, compared to its average volume of 115,825. Caravelle International Group has a 52 week low of $0.21 and a 52 week high of $1.21. The firm’s 50 day moving average price is $0.43 and its 200-day moving average price 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.