Charles & Colvard, Ltd. (NASDAQ:CTHR) Sees Large Increase in Short Interest

Charles & Colvard, Ltd. (NASDAQ:CTHR) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 72,800 shares, a growth of 9.0% from the August 31st total of 66,800 shares. Based on an average trading volume of 13,800 shares, the days-to-cover ratio is currently 5.3 days. Approximately 3.6% of the shares of the company are short sold.

Charles & Colvard, Ltd. Price Performance

CTHR remained flat at $1.73 during midday trading on Tuesday. 1,721 shares of the company’s stock traded hands, compared to its average volume of 16,055. Charles & Colvard, Ltd. has a fifty-two week low of $1.51 and a fifty-two week high of $6.45. The stock has a market cap of $5.39 million, a P/E ratio of -0.30 and a beta of 1.43. The stock’s 50-day moving average price is $1.72 and its 200 day moving average price is $2.31.

Analyst Ratings Changes

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

Charles & Colvard, Ltd. Company Profile

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.