Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Down 39.1% in January

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 75,900 shares, a decrease of 39.1% from the January 15th total of 124,700 shares. Approximately 3.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 114,200 shares, the days-to-cover ratio is currently 0.7 days.

Charles & Colvard, Ltd. Trading Down 1.2 %

Shares of Charles & Colvard, Ltd. stock opened at $1.37 on Friday. The firm’s 50 day moving average is $1.48 and its 200 day moving average is $1.51. The firm has a market capitalization of $4.29 million, a PE ratio of -0.23 and a beta of 1.42. Charles & Colvard, Ltd. has a 1 year low of $1.16 and a 1 year high of $4.30.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Charles & Colvard, Ltd. in a research report on Friday. They issued a “hold” rating on the stock.

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.