Short Interest in Charles & Colvard, Ltd. (NASDAQ:CTHR) Drops By 19.1%

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 61,400 shares, a decline of 19.1% from the January 31st total of 75,900 shares. Based on an average daily trading volume, of 113,800 shares, the days-to-cover ratio is presently 0.5 days. Approximately 3.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. in a research report on Sunday. They issued a “hold” rating for the company.

Charles & Colvard, Ltd. Trading Up 3.9 %

CTHR traded up $0.04 on Thursday, reaching $1.16. The stock had a trading volume of 11,310 shares, compared to its average volume of 41,760. The company has a market capitalization of $3.63 million, a price-to-earnings ratio of -0.20 and a beta of 1.42. Charles & Colvard, Ltd. has a fifty-two week low of $1.06 and a fifty-two week high of $4.00. The firm has a 50-day moving average of $1.44 and a 200-day moving average of $1.48.

Charles & Colvard, Ltd. Company Profile

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.