Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Update

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 32,700 shares, a decline of 37.0% from the February 28th total of 51,900 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 17,900 shares, the short-interest ratio is presently 1.8 days.

Charles & Colvard, Ltd. Trading Down 2.3 %

NASDAQ:CTHR traded down $0.02 during trading hours on Monday, reaching $0.98. 4,742 shares of the company traded hands, compared to its average volume of 41,974. The business’s 50-day moving average price is $1.29 and its two-hundred day moving average price is $1.40. The stock has a market capitalization of $3.05 million, a P/E ratio of -0.17 and a beta of 1.27. Charles & Colvard, Ltd. has a 1 year low of $0.93 and a 1 year high of $3.90.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Charles & Colvard, Ltd. in a report on Wednesday, March 26th. They set a “hold” rating for the company.

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.