Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Down 15.5% in February

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 51,900 shares, a decrease of 15.5% from the February 13th total of 61,400 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily volume of 114,200 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. in a research report on Tuesday. They issued a “hold” rating for the company.

Charles & Colvard, Ltd. Price Performance

Shares of Charles & Colvard, Ltd. stock traded up $0.01 on Wednesday, reaching $0.97. 12,984 shares of the company traded hands, compared to its average volume of 42,087. Charles & Colvard, Ltd. has a 52 week low of $0.93 and a 52 week high of $3.90. The company has a 50 day moving average of $1.37 and a 200 day moving average of $1.44. The firm has a market capitalization of $3.01 million, a PE 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.