Caravelle International Group (NASDAQ:HTCO) Shares Shorted: Short Interest Down 42.2% in October

Caravelle International Group (NASDAQ:HTCO) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 60,268 shares, a decline of 42.2% from the September 30th total of 104,204 shares. Based on an average trading volume of 137,716 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.9% of the company’s stock are sold short.

Caravelle International Group Stock Performance

Shares of NASDAQ:HTCO remained flat at $1.32 on Monday. 30,313 shares of the company’s stock were exchanged, compared to its average volume of 434,177. Caravelle International Group has a 52 week low of $0.90 and a 52 week high of $56.59. The business has a fifty day simple moving average of $2.00 and a 200-day simple moving average of $5.69.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Caravelle International Group in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Caravelle International Group Company Profile

Caravelle International Group Limited is a Singapore-based maritime transportation and logistics company listed on the Nasdaq Capital Market under the symbol HTCO. The company focuses on international ocean shipping and related services.

Its business activities include the transportation of cargo by sea and the operation or management of maritime assets used in global trade. Publicly available information about the company’s specific vessel fleet, cargo mix, customer base and operating segments is limited.

Caravelle serves the international shipping market from its Singapore base, with activities connected to cross-border maritime commerce.