Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Up 16.0% in November

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 57,300 shares, an increase of 16.0% from the October 31st total of 49,400 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average trading volume of 14,800 shares, the days-to-cover ratio is currently 3.9 days.

Charles & Colvard, Ltd. Price Performance

Shares of Charles & Colvard, Ltd. stock remained flat at $1.21 on Tuesday. 6,177 shares of the company traded hands, compared to its average volume of 15,765. The stock has a market cap of $3.78 million, a P/E ratio of -0.21 and a beta of 1.44. The business has a 50-day moving average of $1.42 and a two-hundred day moving average of $1.70. Charles & Colvard, Ltd. has a 1-year low of $1.18 and a 1-year high of $4.90.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Charles & Colvard, Ltd. in a research report on Tuesday, November 26th. They set a “hold” rating for the company.

About Charles & Colvard, Ltd.

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.