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

Charles & Colvard, Ltd. (NASDAQ:CTHR) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 51,900 shares, a decline of 15.5% from the February 13th total of 61,400 shares. Based on an average trading volume of 114,200 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Charles & Colvard, Ltd. in a research note on Tuesday. They set a “hold” rating on the stock.

Charles & Colvard, Ltd. Stock Up 1.0 %

Shares of NASDAQ CTHR opened at $0.97 on Thursday. Charles & Colvard, Ltd. has a fifty-two week low of $0.93 and a fifty-two week high of $3.90. The firm’s 50-day simple moving average is $1.36 and its 200 day simple moving average is $1.44. The stock has a market cap of $3.01 million, a P/E ratio of -0.16 and a beta of 1.27.

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.