Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Down 60.5% in January

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

Analyst Upgrades and Downgrades

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

Charles & Colvard, Ltd. Stock Performance

Shares of CTHR traded down $0.08 during trading hours on Friday, hitting $1.44. The stock had a trading volume of 12,575 shares, compared to its average volume of 23,039. Charles & Colvard, Ltd. has a 12-month low of $1.16 and a 12-month high of $4.40. The firm has a market cap of $4.49 million, a P/E ratio of -0.24 and a beta of 1.41. The company’s fifty day simple moving average is $1.44 and its 200 day simple moving average is $1.56.

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.