Charlie’s Holdings, Inc. (OTCMKTS:CHUC) Stock Short Interest Falls 49.2%

Charlie’s Holdings, Inc. (OTCMKTS:CHUC) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 13,006 shares, a decline of 49.2% from the September 30th total of 25,596 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 115,568 shares, the days-to-cover ratio is currently 0.1 days.

Charlie’s Stock Performance

Shares of CHUC opened at $0.14 on Friday. The stock has a fifty day moving average price of $0.16 and a 200-day moving average price of $0.23. The company has a current ratio of 1.65, a quick ratio of 0.40 and a debt-to-equity ratio of 0.69. Charlie’s has a 12 month low of $0.01 and a 12 month high of $0.37. The firm has a market cap of $40.71 million, a PE ratio of -14.50 and a beta of 1.29.

Charlie’s (OTCMKTS:CHUC) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $3.80 million during the quarter. Charlie’s had a negative return on equity of 63.51% and a negative net margin of 7.47%.

About Charlie’s

Charlie’s Holdings, Inc is a consumer products company focused on the vaping and nicotine-products industry. The company has been associated with the development, manufacturing, marketing and distribution of electronic cigarettes, vapor products and e-liquids.

Its product portfolio has included flavored nicotine e-liquids and vapor devices sold under brands such as Charlie’s Chalk Dust and Pachamama. These products have been marketed through specialty retailers, distributors and other channels serving adult nicotine consumers.

Publicly available information about the company’s current operations, geographic reach and leadership is limited.