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

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the target of a significant decline in short interest during the month of 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. Based on an average trading volume of 17,900 shares, the short-interest ratio is currently 1.8 days. Currently, 1.6% of the company’s stock are sold short.

Charles & Colvard, Ltd. Trading Up 1.0 %

Shares of NASDAQ CTHR traded up $0.01 during midday trading on Friday, reaching $1.00. The company had a trading volume of 2,233 shares, compared to its average volume of 42,123. Charles & Colvard, Ltd. has a 1 year low of $0.93 and a 1 year high of $3.90. The business’s 50-day simple moving average is $1.29 and its 200 day simple moving average is $1.41. The stock has a market cap of $3.12 million, a P/E ratio of -0.17 and a beta of 1.27.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. in a research report on Wednesday. They issued 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.