Charles & Colvard, Ltd. (NASDAQ:CTHR) Sees Significant Decrease in Short Interest

Charles & Colvard, Ltd. (NASDAQ:CTHR) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 142,100 shares, a drop of 60.5% from the December 15th total of 359,800 shares. Currently, 7.0% of the shares of the company are short sold. Based on an average daily volume of 114,600 shares, the days-to-cover ratio is currently 1.2 days.

Charles & Colvard, Ltd. Trading Down 1.3 %

Shares of CTHR stock opened at $1.51 on Thursday. Charles & Colvard, Ltd. has a 12-month low of $1.16 and a 12-month high of $4.90. The firm’s 50 day moving average is $1.38 and its 200 day moving average is $1.57. The stock has a market capitalization of $4.71 million, a P/E ratio of -0.26 and a beta of 1.41.

Analysts Set New Price Targets

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

About Charles & Colvard, Ltd.

Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally. The company operates in two segments, Online Channels and Traditional. It manufactures, markets, and distributes moissanite jewels and finished moissanite jewelry under the Charles & Colvard Created Moissanite brand; and premium moissanite gemstones under the Forever One brand name.