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

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 trading volume of 113,800 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.0% of the company’s stock are sold short.

Charles & Colvard, Ltd. Trading Up 4.6 %

NASDAQ CTHR traded up $0.05 during trading on Wednesday, hitting $1.13. 9,923 shares of the company traded hands, compared to its average volume of 41,736. Charles & Colvard, Ltd. has a 12 month low of $1.06 and a 12 month high of $4.00. The business has a fifty day simple moving average of $1.44 and a 200 day simple moving average of $1.48. The company has a market capitalization of $3.52 million, a P/E ratio of -0.19 and a beta of 1.42.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Charles & Colvard, Ltd. in a report on Sunday. They set a “hold” rating on the stock.

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.